Deciding whether or not to go after my second property
Hey all! So last month I was able to close on my first house that I am house hacking with a couple of friends of mine. Earlier this week I saw, that my neighbors directly beside me put their house up for sale. They've listed it at the same price I purchased my house at. This house includes 2 more bedrooms, 1 more bathroom, 1675 more square feet, as well as a kitchenette in the basement. I feel like this could be a perfect opportunity for me to get real cash flow while being right there to watch over things. I guess my worry is am I jumping into something too quickly? Or am I just interested because the property is next door? I've run the numbers and it has great ROI, better than the house I am in, I just don't know if the timing is right considering I just closed my first house. I have a showing set up so hopefully, that can give me some reassurance. Any feedback would be greatly appreciated!
#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Cade Miller when opportunity knocks and you are ready; go for it!
If your numbers are correct and you have the capital I say go for it!
I agree! Sounds like a good deal!