Trying to figure out which house to make my first offer on
This is my first potential investment and I'm trying to figure out which house to make an offer on. Perhaps someone here has some feedback for me or questions to consider.
1st house
asking $129k. Hoping I could get it for $115-$120 cash
rental income $1200
taxes $1100/yr
likely renters would be single military guys
3 bdrm house. It's a great neighborhood but the block is not as nice as others around it.
2nd house
asking $139k. Hoping I could get it for $125-130k cash
rental income $1300
taxes $1200/year
It's a nice looking but small 3bdrm house in a great neighborhood on a quiet street.
Renters would likely be a family with kids
I'm not sure which one to focus on. Both houses are in good shape. What other angles should I be looking at?
Thanks!