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Updated over 10 years ago on . Most recent reply
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Starting Up
Would it be better to invest in a Single or Multi family home
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This is all personal opinion I guess. Depends on your market and your risk tolerance.
If your multi family is in a less desirable area expect vacancy, maintenance, theft and vandalism.
I dont know your market.
For example, if you buy a home for $60k and rents for $795 compared to a multifamily you can buy for $70k that rents each side for say $595, I would not go for that. It will be a long term headache. This is just my opinion based on what I have seen in my own market.
To get into good multifamily you will most likely pay the price for it.
- Curt Davis