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Updated over 9 years ago,
How Small or Big Should You Start Out?
Hey BP Fam!
For the last 12 months I have been educating myself on BP and other resources and I am currently searching for my first multifamily property. I live in Cincinnati, Ohio and I am having a hard time finding a 4-Family that has decent cashflow without taking a big risk on bad parts of town and units that are in horrible condition. So I decided to look at bigger properties such as 10 units, wow, what a difference. I have found multiple that have great cashflow, and have much better cap rates, etc. and are just better deals. My question is should I start my REI career with a bigger unit, or smaller?
All advice is much needed. I have been stuck on this for a while and I need to make a decision soon! Cant just think about it forever.
Thanks!