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Updated almost 6 years ago,
Best use of 60k for house hack or invest outside state?
Hey would like to hear feedback from investors with their own multi families properties experience.
I have around 60k and no debt to invest in a rental. I was thinking of these opitions
1. Buy a 3 unit in Philadelphia (from north jersey but taxes too high here) using a fha and fix it up 203k in a ruff area. With 3 or 5 or 10% down.
2. Buy a duplex with 20% down. Try to get 7% cocr with little to no rehab
3. Buy a 2 or 3 unit in a decent/b class area and put down max 50k. Lose couple hundred house hacking.
Is there any other ways or suggestions you can recommend?