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Updated over 8 years ago on . Most recent reply
Rental property in two neighbourhoods...the better investment
I am currently looking at two triplex properties, both of which are in good conditions, Property A, in the better neighbourhood is significantly more expensive yet has very similarly potential cash flow as property B in a worse off area, what is the best investment in this case? Property A because of appreciation in the coming years ? Or Property B because of the lower cost and similar cash flow, what are some things to consider in this scenario? Vacancy? Repair costs? what are some of your similar experiences with similar investments ?
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I'm with Sue Kelly. I built in a marginal area and it declined. Now I needed to clean up and upgrad but had to hire LARGE helpers to "work with me" as I even had tools stolen from my truck in the driveway as I was loading them to go home for the day. You don't need a crow bar in the head from a thief. the property is not worth it. I hope this clears your vision.