Single family vs Multi family in NJ

[Stephanie Danos]

Hi everyone! I'm currently in the process of saving up for a down payment, reading as much as I can about investing and looking through homes for sale. I was wondering what your take was on investing in multi family homes (in areas such as Newark or Jersey City) vs single family homes in better areas in NJ. Which do you think would be better/make more sense and why? 

[Stephanie Danos]

@Joe Ehren Thanks for the reply Joe! What I've read about single family homes is that 1) Renters tend to take better care of the property since it feels like their personal home and 2) Due to the emotional aspect attached to buying a single property (which is typically a primary residence) the price tends to be driven up when it comes time to sell. I suppose with multi families you're looking to sell to other investors who are always hungry for a deal so this makes sense. Thanks for your input!