Newish to the game and wondering if my recent purchase was smart
Short story of my past. I bought first property at 19, that was a foreclosure home, had that for 4 years and sold it. Then again at 27 bought my second property, it was duplex, lived in it entire time, just recently sold that in December and profited 24,000. I guess after updates and repairs, it was closer to 18,000. Just recently purchased a property with 2 homes on it. I will be house hacking living in the 1 bedroom, 1 bath and renting out main home 3 bedroom, 1 bath, shared yard. I did a lot of research and rent is 1249 average in that area for that sq foot and bedroom/baths. It needs updates but I have found tenants that will move in for 1100, or should I invest a few thousand into updates, ex... flooring, counter tops? And rent it out for 1250? I can’t decide what to do? Thank you