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Real Estate Deal Analysis & Advice

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Jessica G.
  • Investor
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Which is a better use of $15,000?

Jessica G.
  • Investor
Posted Apr 22 2014, 10:38

I am so new at this. Please tell me, If you have $15,000 to invest...

Is it better to buy (with cash) a Section 8 1-bedroom condo that will cashflow at least $350 per month (after all expenses, including HOA)?

Or to put 20 percent down on a $75,000 house (let's assume minimal rehab, possibly also Section 8) that will cashflow about $100 per month, but the renters are paying down the mortgage for you?

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