Single Family vs Multi Family

[Hossein Akbari]

Hi Everyone,

I'm jus staring and weighing my options. My spare time in last few months has been spent on ready RE books and this forum. I have a litle bit of money saved and it's time to take action. Ideally in Houston area where we live. From what I've reado so far, I'm more inclined towrds Buy to Hold. I'm not sure if anyone has anyone compared SF vs MF investments in this forum before, if not, could you experts share cons and pros of both options specially for someone new?

20-25% downpayment for a few SF or a 10-30 unit wouldn't be an issue. I'm led to belive by local banks that commercial loan would be an issue either..

Thanks

[Michael Delpier]

@Hossein Akbari. Hard to answer your questions without a lot more info on your experience with REI or what your goals are.

Why do you want to invest in real estate? This is more of a question for you to answer for yourself. Then this will lead you to where and what to invest in.

As far as SFR vs. multi in Houston... it depends. Generally, people who live in Houston want to live in a house. So this is what dominates here. Living in a multi is usually for two to three reasons. Either they can't afford the rent of a house, they are busy working and don't have a need or want for a yard (single with no kids), or want to live in the Montrose area. Most people there's will live in a house, usually have kids and want good schools.