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Updated over 6 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Joshua Rodriguez
  • Cranston, RI
3
Votes |
25
Posts

Should I buy small or 5+ units for first purchase

Joshua Rodriguez
  • Cranston, RI
Posted

I am fortunate enough to have a decent paying job and at the moment I am putting money away to launch my investing career full on. I am currently able to put into savings $20K to $25K every 3 to 4 months. My question is, should i buy a 2-4 family home as my first (i do not intend on house hacking) or should i wait it out longer so i can save money and aim to buy a 5+ unit. my end goal is to have 200+ Doors. Thanks in advance for input! 

  • Joshua Rodriguez
  • Most Popular Reply

    User Stats

    144
    Posts
    100
    Votes
    Matt Engle
    • Investor
    • Columbus, OH
    100
    Votes |
    144
    Posts
    Matt Engle
    • Investor
    • Columbus, OH
    Replied
    @Joshua Rodriguez If you want 200+ doors you will want to go big as quickly as possible. Consider investing passively with an experienced syndicator to learn the ropes of apartment investing (and make a good return on your investment). That passive investment will count towards your track record when you go to buy/syndicate your first apartment building.

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