Which is better as an investment property?

[Spottednikes]

Originally Posted by animalcrazy

I wish there was a neither place to vote. We only buy distressed below market value properties and rehab them. The less you pay the faster the property pays for itself.

We have two now that have more then paid for them self and will make a huge profit when we sell them. The capital gain will be huge as well unfortunately. For now that cash register just goes caching every month and has been for over 20 years on one property and over 15 years for the other.

Don't buy new, buy distressed and rehab.

This^^^^^^^^^^^^^^

[AZ Manager]

Originally Posted by animalcrazy

I wish there was a neither place to vote. We only buy distressed below market value properties and rehab them. The less you pay the faster the property pays for itself.

We have two now that have more then paid for them self and will make a huge profit when we sell them. The capital gain will be huge as well unfortunately. For now that cash register just goes caching every month and has been for over 20 years on one property and over 15 years for the other.

Don't buy new, buy distressed and rehab.

Even if they don't want to rehab you never buy new as an investment. Those prices are way out of line with what you can get that is even a couple years older.

[whogo]

In 10 years, assuming the neighborhoods are quite similar, the bigger house will sell for more./

Animalcrazy has it right, however. Though, with one exception, I just flipped them.

[blueherons]

Neither.

Unless the 300sf bigger home has an extra bedroom, they are going to end up about the same.

3000sf vs 3300 is nothing.