Updated about 6 years ago on . Most recent reply
Purchasing first investment property
Can someone give me direction on a property.
3 unit property 90k won’t be ready until October with cash flow of 700 if I live in one unit. Down side is There’s an industrial lot across the street and it’s an off market verbal agreement.
2 unit for 60k outdated but the rehab would be 15k for simple touch ups. It’s ready to buy now. Better neighborhood. Cash flow 300 if I live in one unit.
I know the three unit has a higher cash flow but it won’t be ready until October and the two unit is ready now and in a better neighborhood.
Can I get guidance from a seasoned investor!