Updated over 5 years ago on . Most recent reply
First purchase for a beginner.
New to all of this. I am not in a position to make this move but I have seen and somewhat “analyzed” two properties.
Property 1 : 1985 build. Not taken care of and heavily vandalized. Far under market value. Possible higher return.
Property 2 : 1980 build. Well taken care of, older home that could just use revamping. Under market value, more dependable but not as high of a return.
QUESTION: If you were to start over, looking for your first property. What would you consider or purchase?
Most Popular Reply
Hi @Reid Williams I agree with Joe, that you would definitely want to go with property #2. Being a beginner I would try to make it as easy as possible. There will be a lot to learn from on your initial property without the major rehab, so I would try to avoid it. Once you have your workflow and contractors all organized, then I would think about taking on a property like #1.