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Updated over 5 years ago, 04/16/2019
First multifamily rental property
Hello everyone, I am planning to purchase my first rental property this year, and still debating between single family or multifamily.
As a first time investor, a lot of friend and family are recommending me to start with single-family first, but if the price is almost the same, would you guys choice single family or multifamily? my goal is to build up my long term profile and have enough passive income to replace my job one day. Also, 2 places I am looking at now are Cleveland, OH or Chicago, IL, I was told that OH is more landlord friendly when it comes to eviction. Does anyone have any recommendation? I am based in Bay are so both place will be out of state for me and I will probably hire property management to run the place for me. Thank you