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Updated over 10 years ago,
First Property Decisions
Hi BP community,
I am in the process of buying my first property and I have narrowed the search down to about 5 properties in the Raleigh area. 3 are town homes and 2 are sfh. My plan is to live in the property while renting out a room to my current roommate, live there for a year, and then rent it out to college students.
My question is town house or house? Which would be more profitable to rent out if I can get either for a round the same price, but the houses are on average 10-12 years older than the town-homes?
I know there are many other variables to consider, but any advise?
Thanks so much!
Clayton