Real estate investment

[Matthew Palacios]

I gross $6,600 a month. Should I buy a house with brrrr method and a fha203k loan or a 4plex. 

[Nick Robinson]

@Matthew Palacios
I agree with @Henry Lazerow I would try to buy a small multifamily, ideally a 4 unit. It works with a house but then you are renting per room where I like my own space so I would prefer separate living quarters. Most of the time it is "cheaper" to buy multifamily than a house. For instance, when I bought my first duplex that I lived in I bought it for $300k and single-family houses in the area were going for $275k. Even with these elevated prices I see 4-plexes in my area going for $1.1-1.2m and the homes are going for $600k-700k. On a cost per unit, I can buy four units for $300k each or buy one house for $650k. I also like the protection of more units. My strategy was to buy a duplex to offset costs than I saved money and bought a SFR for me to live in. Once the duplex appreciated I 1031 into an 8-unit and over the pandemic 1031'd into a 14-unit. This was a long-term process from Nov. 2014 till June 2021, but it was well worth it. Did not take any cash flow, saved money every month, and the biggest and most important thing is study and learn as much as possible about RE, i.e., invest in yourself.
I am by no means a genius or am done building my portfolio, but you will be amazed if you keep buying solid CF deals it starts to build on itself. An example that I am not trying to brag or be showy is when I went to buy the Duplex, I was making $30k/yr living at home and saving all my money for 3yrs. Even though I had the funds to buy the duplex I had to have my dad cosign to be able to buy the property. 6.5yrs later the bank did not even bat an eye when they gave me a loan to buy the 14-unit and gave me money for the renovations totaling $1.6m. Now a year later my CF, all expenses taken care, is $8-10k/mo and my initial investment of $768k is at $2.2m. 
The goal is to just continually keep buying deals that make sense and are CF+. Good luck on your investing career.