High Equity or High Cash Flow?
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Gabriel J.
posted about 2 months ago
I am caught between 3 different houses to purchase. One is a turnkey and has high equity but the rental market isn't that great so I wouldn't be able to have great cash flow. The other 2 needs about $35k in repairs, decent equity, and may be able to cashflow more. I can only do one right now, but I think I am stuck in Analysis Paralysis!
Here are some numbers based on zillow:
House 1: 2/1
Estimate $100,000
Purchase: $69900
Repairs: ~$5000
Rent: $750-$850
House 2: 2/1
Estimate:$100,000
Purchase: $40000
Repairs:$35000
Refinance: $82000
Rent: $800-$900
House 3: 2/1
Estimate:$75,000
Purchase: $20,000
Repairs:$35000
Refinance: $65000
Rent: $800-$900