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Updated about 7 years ago on . Most recent reply

User Stats

183
Posts
107
Votes
Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
107
Votes |
183
Posts

Which is the best deal

Jason Ray Richardson
  • Rental Property Investor
  • Brookhaven, MS
Posted

I've got two deals I'm looking at but am only going to do one or the other and wanted to get everybody's thoughts

House 1 has

1) Has three units

2) Cash flows about 300 a month

3) In a city with a real estate market that is starting rise and with it being a block over from the historic district stands to be in a good position to have good tenants and some good appreciations

4) probably will need a new roof in 3 years

House 2 has

1) Has 3 units

2) Cash flows about 600 a month

3) in a declining neighborhood

4) Brand new roof and central AC Units

Which one would you all buy?

Most Popular Reply

User Stats

860
Posts
323
Votes
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts
Mayer M.
  • Investor
  • Cherry Hill, NJ
Replied

Definitely buy in the area that the neighborhood is appreciating

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