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Responses

  1. Compare cash flows, expenses, and net profit after taxes (because loan expenses are tax deductible).
    As for old vs. new, this is a question of risk management. Recommends that you check the status of the property with a professional so that there will be no surprises.
    The buyers buy older properties and take into account the cost of repairs.

  2. I would like to get specific answers from the creator, I want to buy a property built in 2014, a single family, 4 rooms in Vegas at a cost of 280 thousand with a 20 percent down payment, with closing it is about 60 thousand, a monthly mortgage of 1300 will be rented in 2000 (I made the same combination for 4 properties already) on the other hand, I am considering purchasing a single family property without a mortgage, year of construction 1980, after renovation the cost will be 100 thousand and it will be rented for 1100 so the question is what would you prefer? I will add that for properties in Vegas I have no management expenses or expenses at all

  3. As the rest of the respondents wrote, it depends on the state of the property, the environment and the level of risk that suits you.
    But statistically it will usually create a situation where the more expensive asset will enjoy more future capital gain and less cash flow in the short run, and vice versa for the cheaper asset. Now decide what works best for you. There is also another option and that is to buy 2 properties in 100K with a mortgage and then you will most likely improve the yield.