Hi Everyone, this is my first post so I hope everything makes sense.
I am currently looking at purchasing my first rental property, a foreclosure in Oregon. The home is a 4 bed 2 bath single family that was converted into a Duplex, I have been wondering whether to keep the property as a multi family or convert it back to a single family. Which would provide the best return on investment and/or provide better quality tenets?
Thanks in advance!
Hello Gage! There several pod and comfort each type orf real estate options available. I
Hello Again but
Hello again Gage! I must have hit the wrong button and I was not finished that letter.
Hello again Gage! I was getting to a point that I have learned that the more units you can handle at one address the better. The more units you have the less torture will be less painful each vacancy makes you feel. At least, start out with a duplex and work yourself up as you gain experience. If the existing layout works for you and the prospective tenants I would stick to what the city has approved and not convert it back to one unit. You might see if a local City Building Inspector expects any problems with doing that or conversion and if there are any problems that currently exist. Good luck to you!
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