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Updated over 10 years ago,
Which is a better use of $15,000?
I am so new at this. Please tell me, If you have $15,000 to invest...
Is it better to buy (with cash) a Section 8 1-bedroom condo that will cashflow at least $350 per month (after all expenses, including HOA)?
Or to put 20 percent down on a $75,000 house (let's assume minimal rehab, possibly also Section 8) that will cashflow about $100 per month, but the renters are paying down the mortgage for you?