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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Curtis Thygerson
  • Appraiser
  • Oahu, HI
1
Votes |
6
Posts

Start with 1 or many investment properties

Curtis Thygerson
  • Appraiser
  • Oahu, HI
Posted

I've found a nice city that has an old couple selling there rental portfolio, each duplex they are selling is around 50,000 and they rent out from 1000 - 1300 dollars a month (both sides added together). I have enough cash to buy two out right, but I wonder if its better to leverage my money and buy seven or eight, so that if I get stuck with a bad home I have many others that support the bad one. But if the town really isn't that great all of them are in the same place. I would love to know other peoples opinions about starting small one or two rentals, or jumping in with seven or eight.

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