Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

7
Posts
2
Votes
Nicholas M Pendergrass
  • Jersey City, NJ
2
Votes |
7
Posts

Attract tenants by size or by quality?

Nicholas M Pendergrass
  • Jersey City, NJ
Posted
Hello, So I am doing my first house hack. I am looking at one property that is in pristine condition and move in ready, but it is a 3 bedroom 3 bath 3 unit home with the option to finish the basement. Another property 2 blocks down the road is slightly higher priced but is a 5 bedroom 4 bathroom house with 3 units with much better sq ft. The latter home, while not in awful condition, is in need of some updating and fixing as well as having the possibility of finishing and renting out the basement. I am using the FHA 203k loan and would be able to make the updates. My question is what would be more attractive to tenants and allow me to get higher rents? The first place is in pristine condition but is smaller. The second place may not be as nice as the first but is larger. Both in the same area. Any advice? Nick

Loading replies...