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Updated over 9 years ago,
First time buying rental Property!!
Hi Friends,
This is my first post and I am not sure if I can ask this , but just giving it a try. Let me know if this is not appropriate.
We are looking at condos for rental property. There is a 2 bed, 1 bath ( 1 level) condo at 150k and another 3 bed, 2 bath ( 3 levels) with garage at 250k . We don't know the rent we would get for the 2bed/1bth but we know for the 3bed, 2 bath we will get around $1500 .
I would prefer to buy the $150k as the downpayment is less. However i am worried if this will rent out easily or not? Its closer to a company an a good school district.
Which one do you think would be always occupied the 3 bed/2bath(3 levels) or 2 bed/1 bath (1 level)
Thanks a ton!!