Starting out in Cleveland suburbs

[Alexander Metrisin]

Hello everybody,

Bought my primary residence feb 2018. Fixed it up over the last year and I’m saving for my next down payment for an investment property.

I have been going back and forth on multi-family vs single family home for my first property to rent out.

My priorities with this property are to jump start me into the world of REI. People (non-investors) keep telling me multi family will only cause me headaches and I'll be repairing something every other week.

I want to hear from YOU, real investors about the pros and cons of single family vs multi family (specifically for my first rental)- I WILL eventually probably have both.

Are multi family renters really that bad? Are single family renters really more stable?

Thanks in advance

[Ryan Evans]

It's going to be a huge learning curve either way, so the most important thing is to just go for it. You'll have better returns on multifamily, but there are pros and cons to each. It's likely you'll see more appreciation with SFR's, though. So it will still depend on your strategy. I've got a few duplexes in Cleveland that I love, but I'm making offers on singles right now to balance out a bit.

And as a general rule of thumb, I wouldn't listen to non-investors giving investment advice. Get your advice from people you want to be like!