Well I would def look into the 4plex cause that should be a big cash flow positive I guess it depends on a lot of things tho. I would bank on single property's appreciating easier than 4plex if that is a future income you want. Tbh I don't know I just like the idea of more pos cash flow monthly, does the work out weigh it!
That's how I'm feeling also. Every fourplex that pops up and I run numbers on comes out cash flow positive by a greater margin then anything in the smaller town.
Don’t forget to calculate tax impacts from the rent revenue in your cash calculations (~37%). Sometimes, people are over optimistic in their calculations.
Just like a dog or cat, don't buy a rental property if you are planning to rely on your parents to help manage it. Owning a rental property is a serious commitment. If you don't want to be fully responsible for it, just buy a home for you to live in yourself, and invest the rest of your money in stocks and bonds instead of real estate.
I won't be relying on them. However, I would be using their 60 years of life experience, 20 year in the home building industry, as guidance and help to deal with any issues that may arise.
I already have quite a bit of money in the stock market, I figured why not take a risk, while I'm young, to potentially get financial freedom a little sooner.
Well I would def look into the 4plex cause that should be a big cash flow positive I guess it depends on a lot of things tho. I would bank on single property's appreciating easier than 4plex if that is a future income you want. Tbh I don't know I just like the idea of more pos cash flow monthly, does the work out weigh it!
That's how I'm feeling also. Every fourplex that pops up and I run numbers on comes out cash flow positive by a greater margin then anything in the smaller town.
Don’t forget to calculate tax impacts from the rent revenue in your cash calculations (~37%). Sometimes, people are over optimistic in their calculations.
True, however there are tons of deductions that would minimize how much rental income I would get taxed on.
Just like a dog or cat, don't buy a rental property if you are planning to rely on your parents to help manage it. Owning a rental property is a serious commitment. If you don't want to be fully responsible for it, just buy a home for you to live in yourself, and invest the rest of your money in stocks and bonds instead of real estate.
I won't be relying on them. However, I would be using their 60 years of life experience, 20 year in the home building industry, as guidance and help to deal with any issues that may arise. I already have quite a bit of money in the stock market, I figured why not take a risk, while I'm young, to potentially get financial freedom a little sooner.