Different Types of Multi-Family

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Hello Everyone!

I am just starting out in real estate investing and I have been looking at both smaller multi-family properties (1-4 units) and larger apartment complexes as well (5-60 units). I am very new to this game but I work VERY hard to make sure I am not buying into a bad deal.

The question I have is whether or not I should start small and move my way up? Or if I find a great deal that is larger I should go for it? I want to make lots of money, and I feel like that is more attainable in the larger buildings.

Advice/Comments greatly appreciated!!

Colin :mrgreen:

[Ingrid Nagy]

Colin, do what you feel comfortable with. Large or small - both have risk factors and both have potential. If the right opportunity is there go for it. I began with 1 unit, 2 more, 6 more, etc. etc. Just keep in mind the bigger the building, the bigger the cushion needed. Bigger bldgs and age of buildings dictate whether you need more maintenance, an on-site Super etc. You can estimate expenses using criteria you learn around this site - just remember that in bigger bldgs major components - boilers, elevators..are costly items.