Professional · Louisville, KY · Member since 2017 · 13 posts · 12 votes
Is it better to buy 3-4 cheaper homes in low income area or buy a nicer home with better school district in hopes of getting better long term tenants ?
It depends on the strategy and niche you want to employ. There are investors on here that only purchase properties in low income areas and then there are investors that only purchase nicer high end homes. Just thought I should include this link to an article about why you shouldn't buy cheap houses since its relevant. Best of luck!
Andrew S. Jay papasan is podcast 113 I think. He would say buy 1 nice one as you will benefit more from future appreciation, have less headaches from tenants, and potentially less issues to deal with in terms of maintenance. These are not always the case but more likely with a nice house in a good neighborhood.