What Type Of Property Should I Choose?
A: There is no right or wrong answer here. What it comes down to is an in-depth analysis of your personal situation (as well as your long and short term goals).
Here are some things to consider:
- Risk Tolerance and current buying power
- Current Personal Leverage
- Personal Usage: long vs. short term occupancy
- Personal Involvement (Maintenance)
- Professional Management vs. Managing your own unit(s)
- Cash Flow vs. Appreciation
- Leveraging Your Investment
- Tax Advantages
- Leveraging Investment Equity: 1031 Exchanges
