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Updated almost 7 years ago on . Most recent reply
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Build a garage or invest in another property?
Brand new to this REI as I have only 1 unit. I am moving into it due to a promotion closer to the area. While I am trying to maintain my full time job and begin a lucrative investing career, I am pondering buying a new property to rent out once I arrive. After thinking about it, if I build a garage onto the property, it will double my cash flow each month. Should I build a garage and hold off on another asset? Or should I buy another asset and hold off on double the cash flow that I won’t see until I move out?