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Updated about 5 years ago,

User Stats

21
Posts
0
Votes
Sam Bader
  • Lender
  • Chicago, IL
0
Votes |
21
Posts

Jumping into my first investment property

Sam Bader
  • Lender
  • Chicago, IL
Posted

Wondering if I should jump into a 4bed 2bath 1800 sf house for 90k, property taxes are 3000 a year, or a 4 unit short sale that is a 4 unit it is 3bed/1 bath and the other 3 apartments at 2/1 for 50k more (total of 140k)  property taxes are 12000 a year on that.  

The SFH needs cosmetic work and the 4 unit also needs some cosmetic work...

Part of me wants to jump into the 4 unit and get on the fast track but it is an area that is less populated then the SFH nevertheless I know it can still be rented there. The SFH is in my neighborhood where I live so I know that area very well, so I feel safer investing in something near my residence but at the same time that 4 unit will produce more income so I'm torn about what to do.....

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