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Updated about 4 years ago,
Potential for multiple deals need advice!
Hi. I've got experience investing with partners but I'm a newbie investing on my own. I bought a SFH about 6 months ago but due to circumstances with selling a large property it's renovation got put on hold. It's now back on track and should be done within the month.
I’ve located a solid B class 4-plex in another town about 30 minutes away that cash flows pretty well that I’m going to look at with my contractor in the morning. Both of us are surprised it has sat on the market for 30 days but he’s got some connections to call in that town to check on it if we don’t see glaring red flags tomorrow.
My question is this. Earlier this evening my real estate agent who has been with me for about 20 years texted me that he’s got a pocket listing on a duplex in my home town that has been being used as an Airbnb. Cosmetically I’m sure this property will be nice. Would I be crazy to pursue the second property as well as the first if nothing turns up wrong with either and the numbers run on both? Or as a newer investor would you recommend focusing on one with the original house just coming online now as well?
Thanks!