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Updated over 1 year ago,
One vs Many: Rental property investing strategy.
Hi BP community, I have 100k to invest in rental property. Let's assume I am not going to live in this property and it will be managed remotely.
What are the advantages of:
1. Buying 1 property (multi-family or single-family)
2. Buying multiple properties of lesser value (multi-family or single-family)
I'm looking for insight beyond the upfront work of getting financing, finding, and purchasing the home, as well as ongoing work such as more tenants resulting in more issues to resolve, relationships to keep, chances for a headache, administration, and accounting.
I appreciate your contribution.