Cash Flow or Location?

[Isaiah Miller]

For the past few days I've been weighting out the pros and cons of two properties. Property (A) is a triplex that could use some TLC on the interior and exterior and in a D class neighborhood of the city. Within the last two years several multifamily apartment buildings have be developed in this neighborhood. Therefor I can see potential for this properties' value to increase.

Property (B) is duplex that needs a few repairs on the exterior and in a B class neighborhood of the city. Just by taking a quick drive around the neighborhood, it is obvious that home owners take care of their properties. Not to mention, this property is five minute walking distance from the nearest Medical center.

I will be using FHA to finance either deal and using the house hacking strategy to begin my empire. Given the circumstances, what's more valuable the property's location or the property's potential value?

[Isaiah Miller]

Quote from @Michael Dumler:

@Isaiah Miller you can only assess and analyze what you currently know to be true, everything else is pure speculation. With that being said, I would go with property B, for a house hack deal, you don't want to be living next to D-class tenants. How about putting an offer in on both though and seeing where the cards fall? Hope this helps! 

 Its done! I have officially placed an offer in on both properties, lets see how the cookie crumbles.