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Updated almost 9 years ago on . Most recent reply

User Stats

27
Posts
2
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Chad Friesen
  • Investor
  • Grande Prairie, Alberta
2
Votes |
27
Posts

1 condo , 2 condos, or 1 house

Chad Friesen
  • Investor
  • Grande Prairie, Alberta
Posted

I have 20 000 cash to put down on my next rental property.  I have a couple options I am thinking about.  There are some condo's close to me that are selling for around 100 000.  There are a couple for sale in the same complex.  

Assuming that the cash flow numbers are the same what would you do.

Should I buy 1 condo by myself? Should I buy 2 condos split 50 50 with a partner. Or should I buy a $200 000 SFR split 50 50 with a partner.

I know that I need to run the numbers on all of them but in general is there benefits to going in with a partner when all the numbers would be basically the same? 

Hopefully this question isn't worded to terribly. 

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