Resolved Question: torn between 2 houses for investing, what do you think?

23 February 2008, 2:40 pm

helllo, i live in andover ,mn which is a small suburb of about 25,000. ive been looking for a bank ownd house to fix up and sell after a few years. well ive stumbeled across 2 that i like alot, one of em is in a very nice neighborhood but has no yard its a 5 bedroom 2 bath with 2 fireplaces. its in pretty nice condition and just needs pain and flooring for the most part. the other one is about 4 miles away on a bigger piece of prpperty for more of a country feel. its a 4 bed 2 bath four level split sittin on 1.6acers with a huge back yard and deck. this house needs a little more work such as floor, paint and windows. what im wondering is what better for an investment property somthing in a tigh neighborhood or somthing with a little room to roam. both houses are about the same price. which one will sell faster? which is more desirable? this will be my first home and plan to live in it for about 2 years but will be up for sale the day i move in. lots of work dont scare me for remodeling, as long as its not structural. im pretty handi... read more

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