All Forum Posts by: Jace Timmer
Jace Timmer has started 1 posts and replied 2 times.
Post: Picking between 2 properties
Jace TimmerPosted
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The goal is to buy the house as a long-term rental property investment and rent out the upstairs and basement suite. I agree that both of them would be a good deal.
I guess I wondering if a big backyard and two-car garage can help bring enough rent to make the property better than the other one with the extra bedroom.
Nonetheless thanks for the help Nathan!
Post: Picking between 2 properties
Jace TimmerPosted
- Posts 2
- Votes 2
Hello all,
I'm a newbie (21 years old) who is just getting into my first rental property and could use some advice. There are 2 properties I have narrowed down my search to.Property 1:
$265,000 - 1966 - 1250SF - 4 bed, 2.5 bath with a 2 car garage and massive back yard. The upstairs is updated and the downstairs basement suite needs a little work, probably around 5-10k to be rent ready
Property 2:
$260,000 - 1965 - 1350SF - 5 bed, 2 bath with no garage. The downstairs suite needs around 10-15k worth to be rent-ready. This house is also not as updated on the upstairs and probably will need new flooring and windows in the next 10 years upstairs.
I guess I'm just wrestling with myself whether to go with a property which has one less bedroom but a two-car garage and massive backyard or to get that extra bedroom at the other house. Any help or feedback is much appreciated.