Quote:
Originally posted by madmax
Why are you better off buying a cheaper property? Just because it is cheaper doesn't mean it is a better deal. You also have to look at the revenue the property produces.
How many tenants would each property hold?
What is the rent at each property?
Are both properties in the same condition?
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The previous house, we see, is too valuable for college students occupation. As for the house we're looking at, it is actually closer to the campus then the expensive one. The only difference is that the expensive house is in the neighbourhood in front of the college and the other one is in the back of the college.
How many tenants would each property hold?
Both houses has 6 bedrooms.
What is the rent at each property?
The rent will not be that different. The avg. rent, last time I checked, is around $300 to $500 per person per month.
Are both properties in the same condition?
Obviously not, but I would cringe if that house went through one year of college wear and tear.