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Updated about 6 years ago on . Most recent reply

User Stats

6
Posts
8
Votes
Joe Barton
  • Rental Property Investor
  • Mundelein, IL
8
Votes |
6
Posts

One property or two?

Joe Barton
  • Rental Property Investor
  • Mundelein, IL
Posted
I’m looking at properties for my first purchase. Looking to house hack and get out of my rent. My question is should I purchase 1 nicer property that costs more or 2 cheaper properties so I have more flexibility and cash flow? My options are 1 more expensive duplex or a cheaper duplex and a single family. Also, if I purchase a property all cash and not have to do much rehab (maybe paint and polish floors) will I be able to finance it to get money out after a year when I find another property or do I have to increase the value from what I purchased it at Thanks for any thoughts.

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