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Updated about 8 years ago on . Most recent reply

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John Yanko
  • Investor
  • Clarendon Hills, IL
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3/2 or 2/1 which one?

John Yanko
  • Investor
  • Clarendon Hills, IL
Posted

I'm looking into purchasing a multi family, my question is ,I'm sure it varies by location, but  which would be a better investment 3/2 or 2/1 or 3/1? 

I'm guessing 2/1 would have less vacancy but  3/2 would interest higher quality tenants, is this assumption right?

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

3/2 is generally easier to rent than 2/1. It rents for more money as well. If prices are similar, I would go 3/2 every day. 

The quality of the tenant is influenced by the area, but comes from you and your screening process. Read the landlording of the blog and the landlord & tenant section of the forums for the proper way to screen. A little extra work in the beginning will save you hours of hassle during the rental and at the end. 

If you don't do thorough screening, you will need the article How to Evict a Tenant.

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