Advice for first time investor

[Darcy Dawe]

Hey guys,

I’m currently trying to buy my first property and it seems like I have 2 options at the moment. First being more expensive home located in a booming area that is very sought after. This home is only ~10 yrs old and will rent right away with little work. Second option is a home, almost half the price that will need a bit of work, that I am capable of doing myself over a few months. The second home will most likely bring in a bit of cash flow after expenses where as the option one home will only break even monthly. Should I go with the cheaper home to leave me with more money to go towards my second property? I am planning on house hacking this first home.

Any help is appreciated as I’m looking for all the guidance I can get! Thanks.