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Updated almost 6 years ago on . Most recent reply

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Denz Po
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Advice on which strategy is better

Denz Po
Posted

Hi Everybody,

i'm new in the community.

i read about some investing strategy but i want to ask you which one is better in my scenario.

I'm from italy, so some things about fees and taxes are different.

I bought my first house (apartment in a condo) (25% downpayment and 75% mortgage from the bank at 1.2%), i want to rehab it and i'm not sure about how to continue..do you think is better to rent it out or re-sell?

Maybe some numbers can help!?

price of the property: 160k

rehab cost: 50-60k

value of the property after rehab: 260-320k

i think a possible rent cost will be a little bit more of 1k/month, with normal contract, or 800-1600/month via airbnb (already with 4 years experience renting on Airbnb).

any suggestion about which strategy you think is better? and why?

thank you in advance and sorry for some english mistakes.

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