Updated almost 6 years ago on .
A tale of two properties
I was recently looking for a property and came across two very different opportunities. Was wondering what everyone though of them. Which would you pick to invest in?
Property #1- 2Bed 1 Bath good neighborhood.
- Condo in decent neighborhood
- Schools rated 9 & 10
- Popular area for families
- Comparable houses in area are 3-4x the cost
- Cash flow is close to 0
- Price and rent will steadily go up with time. So will start to cash flow steadily each year.
- Built in 1980's some minor repairs. But looks solid.
Property #2 - Duplex (2bed 1 bath each)
- Duplex in a poor area, next to small airport
- Schools are decent, but not stellar
- Instant cash flow of about $400 a month.
- Zillow trend shows appreciation close to inflation, very slow.
- Built in 1960's, so might be hidden repairs.