- Joined
- Mar 11, 2015
- Messages
- 30
Just thought I'd get your guys opinions on which route you prefer. I'm currently at alittle bit of a crossroad on deciding which one to move forward with. I currently have 3 SF properties and a Suited house I purchased back in April. These are located in red deer. With rents being down and expenses being alittle higher because of carrying utilities in the Suited house I don't see the big advantage to putting another 60k into the next place to make it Suited when it seems I don't make much more month to month right now. Especially if you needed to finance the Reno for a suite in the first place. If it were cash then it looks like a smaller ROI to put 120k into a 300k house to have a down payment and money to Reno. Certainly a bonus to be able to still have income when one suite is vacant but also more turnover expense in the Suited places. I've only had one turnover on the single family properties in 3 years that I was fortunate enough to get filled this month without a day of vacancy. If you had the energy to read all that then please let me know what your guys thoughts are on the two options!
Thanks in advance!
Derek
Sent from my iPad using myREINspace
Thanks in advance!
Derek
Sent from my iPad using myREINspace