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Updated almost 6 years ago,
Which property to buy?
I’m trying to decide between two properties. One is an out of state property that’s listed for $30k and rents for $750 per month. I have the funds to pay cash. The second option is a duplex close to home that my net income would be around $750 per month. I would have to put the $30k down to secure the loan. Both properties are in good shape and have long-term tenants. Would you use the $30k for a SF property with no mortgage, or for a duplex that’s leveraged? Thanks!