Should we buy 2 homes or 1??

[Rachel Shepherd]

Hi!

We have about 39,000 to put down on another rental. Should we use leverage and buy two homes at a lower price or 1 home at a higher price. After researching I believe we can bring in 200 a month above rent on each home, regardless of how many we buy so I'm leaning towards 2. What are your thoughts and experiences?

[Eben Cook]

I'm new to BP and investing but have been reading quite a bit. Have you taken into consideration property taxes, insurance, repairs, managing fees? There is the 50% rule on other fees per month outside if mortgages to consider. You may not have as much cash flow as you think.