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Updated over 4 years ago, 05/26/2020
What makes more sense to you?
Hello everyone,
I'm starting out in rental property investement. There are 3 questions that popped into my mind and I'm sure some of you can help me to find an answer ! :-)
- When buying a property with the goal of BRRRR investing: is there something like a good or a bad location to invest in?
For example: in cities the prices are higher, but the amount of rent (income) you generate will be aswell. In quiter/less expensive areas you can buy bigger property but it might be harder to find people to inhabit the property.
- Is it better to rent out the full property to 1 person/family or to rent out seperate rooms to different people?
I was thinking of renting out seperate rooms in my properties. I feel like this would generate more income than renting out the whole property to 1 person.
-Lastly, what TYPE of property should I look into? I've heard appartements would be a less interesting investment than (single family) houses for exampl. Why is that?
I only have enough money to buy condo or single family home to renovate. Belgium is incredibly expensive.
Thank you so much for your help!
Appreciate it.