Hi,
i'm looking to buy my first property, but i want to make it a rental property in 2 years. I've two options: Town house for 283K and a duplex for 338K both I guess will have low vacancy rate. At the current market the first one can be leased for 300$ pw and second one for 320$. will it worth to increase my debt by 50k for land value? I appreciate all views.
Thanks,
kim
i'm looking to buy my first property, but i want to make it a rental property in 2 years. I've two options: Town house for 283K and a duplex for 338K both I guess will have low vacancy rate. At the current market the first one can be leased for 300$ pw and second one for 320$. will it worth to increase my debt by 50k for land value? I appreciate all views.
Thanks,
kim