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16 May 2024 | 11 replies
It depends on how much capital you have but I recommend either house hacking (3.5% - 5% down) a 2-4 unit property or you'll need 20-25% down for a non-owner occupant purchase which comes with higher rates.I would say house hacking is not an option for me, because I have a family with 2 kids (need good schools).
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16 May 2024 | 74 replies
These areas are known for better school districts, less turnover, safer areas, all resulting in better tenants taking care of your investment.
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15 May 2024 | 17 replies
The high school sits right on this road and so do all the big box stores and restaurants.
15 May 2024 | 4 replies
Areas with good school districts, public transportation, and amenities tend to attract reliable tenants.
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15 May 2024 | 6 replies
I own two units and one is leased by the unit for the upcoming 2024-25 school year.
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15 May 2024 | 8 replies
Are you buying to house hack or rent out both sides.There are so many personal questions to answer, before you begin analyzing deals.Factors such as jobs, population, tenant laws, median income, affodability, crime, schools are all metrics to considerGood Luck!
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17 May 2024 | 34 replies
But now the taxes are also higher as without good schools, you don't get the super appreciation vs having a suburban house.
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15 May 2024 | 14 replies
As long as the locational characteristics, including zoning, appeal, school districts, etc, are similar.So, yes, you're argument may be reasonable.
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14 May 2024 | 21 replies
Class B would be older (maybe 10+ yrs old) with the same amenities, or you could argue that new construction, but with cheap finishes and "bare bones" amenities, would also be B.For area: it commonly comes down to crime, schools, and convenience/entertainment access.
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15 May 2024 | 15 replies
It’s hard for me to move because I have a kid in a good school district so that might now longer be an option for me