All Forum Posts by: Jace Timmer

The goal is to buy the house as a long-term rental property investment and rent out the upstairs and basement suite. I agree that both of them would be a good deal.

I guess I wondering if a big backyard and two-car garage can help bring enough rent to make the property better than the other one with the extra bedroom.

Nonetheless thanks for the help Nathan!

Hello all,

I'm a newbie (21 years old) who is just getting into my first rental property and could use some advice. There are 2 properties I have narrowed down my search to. 

Property 1:
$265,000 - 1966 - 1250SF - 4 bed, 2.5 bath with a 2 car garage and massive back yard. The upstairs is updated and the downstairs basement suite needs a little work, probably around 5-10k to be rent ready

Property 2:
$260,000 - 1965 - 1350SF - 5 bed, 2 bath with no garage. The downstairs suite needs around 10-15k worth to be rent-ready. This house is also not as updated on the upstairs and probably will need new flooring and windows in the next 10 years upstairs.

I guess I'm just wrestling with myself whether to go with a property which has one less bedroom but a two-car garage and massive backyard or to get that extra bedroom at the other house. Any help or feedback is much appreciated.