Buying Decisions cheapr, smaller units or more expensive
1 Reply
Matt Conrad
from O Fallon, Missouri
posted over 3 years ago
Hi Folks,
Just starting out. I am curious, in general, if you initially have just a block of cash to use - lets say 70000 for down payments. Is there more advantage (tax, cash flow, etc) to get many cheaper units or less, costlier units (maybe because the area is better). I understand there are a lot of variables like area, rents, and others. But I want to get a sense of what your experience is. I know - this is seriously newbe question :)
Thanks for the consideration.
Matt
Brian Garrett
Real Estate Investor from Palm Beach County, FL
replied over 3 years ago
Originally posted by @Matt Conrad :
Hi Folks,
Just starting out. I am curious, in general, if you initially have just a block of cash to use - lets say 70000 for down payments. Is there more advantage (tax, cash flow, etc) to get many cheaper units or less, costlier units (maybe because the area is better). I understand there are a lot of variables like area, rents, and others. But I want to get a sense of what your experience is. I know - this is seriously newbe question :)
Thanks for the consideration.
Matt
I think the answer to this question really depends on what you personal goals are with REI.
I made a similar thread recently which you can check out here: