It has been a few years now that I have had rental properties and I am always on the lookout for new ones to add to my portfolio. I am always looking for good value, and you never quite know what you are going to find when you look at a potential property. I only make it out once per week to check out some of these possible investments in person, so I make sure to only look at the ones that seem to be the best on paper.
Which is exactly what I am doing today.
There are three properties on my list for today:
- One apartment building
- One single family home
- One townhouse
Each of these properties brings their own value proposition to the table, but in the end I will only have enough money to buy one. I know that most of you will think that the apartment will be the best investment, but I am actually leaning towards the single family home.
Why?
Well, it is easy. The home has great curb appeal, new Milgard Windows, and is located just one block from a school. I figure that it has the best potential to attract a young family with children, and those are the types of tenants that I would prefer to have in one of my rental units.
I am hopeful that I will be making an offer on one of the properties today, but I will have to see what happens – you never know if a property is good unless you see it with your own eyes.
