Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

6
Posts
0
Votes
Ian Goff
0
Votes |
6
Posts

BRRR, single family, or multifamily analysis

Ian Goff
Posted

Hey bp forums, first time posting on here and I need some advice. I have four different options to use as my first real estate investment. 

1. I have a duplex I can get for 200,000 with a 400 cash flow/month(after living in one side for a year using a FHA loan. When I live in it I would have a roommate to break even with costs

2. Remodeled single family home that go for 120-140 that rent 1,100/month and cash flow 300ish/month after house hacking for a year using my va loan. 

3. I can put 10k down(20%) on a single family home and put 25k into fixing it up and have an ARV of 85,000 and rent it out with 270 cash flow/month.

4. I can purchase a smaller “shotgun” style house for 85k 20% down and cash flow 250/month and not have the hassle of flipping it. 

All four are in a different neighborhood going from best to worst as I listed them. There are a ton others for sale like the third option where I can put 10k down and have an ARV of 85k so I was leaning towards rinse and repeating those houses until I have enough for 20% down on the first option duplex. I helped my friend flip a house this summer and got hooked on it so I know what it takes to renovate a house and am looking for the smartest way to build a portfolio of 5 houses by the end of 2020. I'm located in New Mexico if that helps at all. My question is which option looks like the smartest option for a newbie and why?

Loading replies...