2 bed 1 bath or 3 bed 1 bath?

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Account Closed · Answer

Your comment: "Both are in the same neighborhood and the #’s work out to be almost the same based on purch price and rent estimate." Was unclear. We'd have to have the numbers.

I would be inclined to spread out my investments if possible, but 2 bed 1 bath in most markets is not the way to go. I don't know your specific market though. If they take the same amount of time to rent, I'd do (two) 2 bed 1 bath if I could vs (one) 3 bed 1 bath.

Michael Lewis · Answer

Unfortunately not and I think what I’m realizing is that 3 bed is always the way to go.

Account Closed · Answer

No brainer. 3 bed 1 bath is the one, although a 3 bed 2 bath is even better.

Brett Peters · Answer

@Michael Lewis. In my opinion, I would go with the 3 bd and add a powder room if possible. Since your primary strategy is to hold, it is better to have more than adequate space than to run the risk of turning away potential customers. In other words, a smaller family can utilize the extra space as a guest room or office, versus the 2 bd.

Nicole Heasley Beitenman · Answer

If you're ever in a position where you need to resell or refinance, you'll want that 3rd bedroom...but I'm a bigger fan of the 2-bedroom. I know BP preaches that 3-bedrooms are the holy grail, but I find that 2-bedrooms mean fewer tenants in the property, so less wear and tear. I have a 2-bedroom being rented by a single mother with only 1 child. She's a nurse and signed a 2-year lease. She's a phenomenal tenant, too.

Michael Lewis · Answer

I agree however is 1 bathroom enough to support 3 bedrooms?

Michael Lewis · Answer

These were my thoughts exactly. However do you think the 1 bathroom will be a problem? I have 2 other rentals and both are 3 bed 2 bath.

2 bed 1 bath or 3 bed 1 bath?

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