Updated over 11 years ago on . Most recent reply
Intro 2
Hi Everybody,
I've been on this site once before and then got caught up with my job, My name is Michael Renna. I'm 26 years old and currently living in Houston, Texas. I'm taking a second stab, but I have a burning question for everyone/anyone on here.
I have been presented with two options:
Option A) Owner Occupy a brand new home in the heights (Houston, TX), a very nice 3br3.5ba and rent out 2 of the 3 rooms. I already have tennants lined up. My mentor has advised me that this is a risky/short term strategy, since I will need to rent it in the future.
Option B) Continue my search for an affordable Multi-Family-Residence and fix it up slowly. Most likely I will need to partner with my Father (who has agreed to help, but won't give me a $ figure to work with.)
I realize this is a broad question, and I'm asking retail brand new vs established seasoned property, however I feel like I will get some good answers from the community.
Thank you for your time.
Michael Renna