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Updated over 8 years ago on . Most recent reply
Choosing between 2 investment properties
I'm currently looking at 2 buy and hold rental investments for single family rental and have come to a point where I need to choose. Option 1 is a new construction about 1500 sq ft and is common cookie cutter construction with a park and community pool a few homes away. No upgrades to anything on the interior but no prior owner. Option 2 is 15 years old 1700 sq ft and is beautiful high end construction. Interior is nicer than my own home with every aspect of the interior having better craftsmanship and quality. No community pool but a park within a block and a lower annual HOA. I've run the numbers and they cash flow at exactly the same ROI.
The new construction has about 15% more in up front and yearly costs but makes up for it with higher rents in it's part of town.
Does anyone have some ideas on what to consider as far as making this choice?
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