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Old 12-19-2018, 01:39 AM
 
18 posts, read 2,552 times
Reputation: 16

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For the investors out there what's the Better deal

1- Triplex.20k..$1500 rents.. 100% occupied

2- 5 unit.85k..$2300 rents..100% occupied.owner financing..7% interest..7 or 10 year term.25% down
Both will be out of state so property management

3- sell my southern California home and use the 50k to invest?

4- rent my home out and wait the slow market out to cash out later for more equity?
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Old 12-19-2018, 07:14 AM
 
1,611 posts, read 637,687 times
Reputation: 3239
Why not just live in your house and wait out the market?

If you’re asking such rudimentary questions, out of state property is the worst idea to pursue.
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Old 12-19-2018, 08:44 AM
 
Location: Cary, NC
32,014 posts, read 56,034,284 times
Reputation: 30664
I like REITs for most real estate investors.
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Old 12-19-2018, 11:37 AM
 
18 posts, read 2,552 times
Reputation: 16
Doing a few upgrades under 4k is another option but after that I will rent it out. My problem is I have to live overseas for a year at least. I will break even but I will only be paying $400 max overseas.
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Old 12-19-2018, 11:39 AM
 
18 posts, read 2,552 times
Reputation: 16
Mike I will look into REIT'S today thank you
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Old Yesterday, 11:49 PM
 
6,385 posts, read 7,476,179 times
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Quote:
Originally Posted by Cadsuper55 View Post
Doing a few upgrades under 4k is another option but after that I will rent it out. My problem is I have to live overseas for a year at least. I will break even but I will only be paying $400 max overseas.
Then you should delay looking into any real estate investment--especially since you appear to be new to real estate investments. REITs would be okay to investigate.
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