All Forum Posts by: Javar R.

@Jd Martin  @Chris Martin and @Jerry Johnson Thank you for your insight. I do think the HOA fees are high despite the inclusion of pool, tennis, trash, water and lawn. The area for house is in fact Knightdale/Wendell but purchasing is not reliable enough for a flip which is why I'm considering renting. I believe greater cash flow will come from renting house. I guess cash flow within a small margin of profit renting may not be worth the effort unless the numbers are favorable. This has been a huge boost to my confidence. Thank you all for your help

Thanks for the response. The townhouse is around 75k with HOA fees of $215-225. The house is on the outskirts of a booming town which borders raleigh. The house is 100k and more rural than urban but still a reasonable commute to the city. As I stated in a slow area with potential for renting buy not flipping/selling. I agree question is a bit broad and limited on info but I'm trying get a understanding how to evaluate rental properties.

Hey BP,

Debating which route would be more profitable as a rental property.

Option 1 is a cheap 3br townhouse with HOA in need of new floors in a great neighborhood. Option 2 is a 3br house in a slow market with minimal updates. I don't know which to buy. What is the ideal purchase for a possible long term rental with the challenges of ever selling either?

Hello @Leonard Liang Welcome to BP. Hope you have as much fun getting to know Raleigh Area as I have. Good Luck Investing. 

Hey BP,

Debating which route would be more profitable as a rental property.

Option 1 is a cheap 3br townhouse with HOA fees in a great community. Option 2 is a 3br house in a slow market with minimal updates. I don't know which to buy. What is the ideal purchase for a possible long term rental with the challenges of ever selling either?