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Updated over 10 years ago on . Most recent reply

User Stats

53
Posts
4
Votes
Heather Ippolito
  • Investor
  • Port Jefferson, NY
4
Votes |
53
Posts

Trying to figure out which house to make my first offer on

Heather Ippolito
  • Investor
  • Port Jefferson, NY
Posted

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!

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