The key to making your decision will be, as you mentioned, making sure you can afford the investment, and cash flow. Run your numbers for each scenario.
We’ve built a portfolio of many types of investment properties from condos to commercial buildings, etc. over the years, some passed down from our parents.
Investment properties are a great way to build wealth, but you definitely have to stay on top of things on a regular basis to make sure all is going as planned.
