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Answers (2)
- Philip Sencer, "Philip_Chicago"
- Contributions:551
Both have a good potential clientele, but as stated, t's all about crunching the numbers to see which is a better deal. In those areas I find it hard to believe that you can make the numbers work for a 2 bedroom unit unless you put a very big down payment. Each month that you have a vacancy......and you will have one from time to time, the 2 bedroom is usually a big negative cash flow.
Even the one bedroom is hard to make a positive cash flow unless you get a really good deal. You also need to consider the building to anticipate the liklihood or getting a special assessment.
I only own one bedroom rental units because I could never justify the numbers on a 2 bedroom unit.
Even the one bedroom is hard to make a positive cash flow unless you get a really good deal. You also need to consider the building to anticipate the liklihood or getting a special assessment.
I only own one bedroom rental units because I could never justify the numbers on a 2 bedroom unit.
- Matt Laricy, "Matt Laricy"
- Contributions:1620
When it comes to an investment its all about the numbers. Which one yields a higher return? Its tough to answer this. A one bedroom is very easy to rent out as well as sell. A 2 bedroom is more attractive, but much higher costs and assessments come with it. You would have to figure out which is best for him working the numbers.
One bedroom rental vs two bedroom rental?
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