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Updated over 5 years ago,

User Stats

70
Posts
14
Votes
Colin M.
14
Votes |
70
Posts

First time buyer - SFH or Multi Family?

Colin M.
Posted

I am a first time buyer / investor based in NYC. Looking to make my first Investment in property. Would like to hear your thoughts on whether I should look towards SFH's or go bigger and look for Multi-family buildings?

Say I have approx $100K to spend on down payments!

Wondering if it makes more sense to maybe buy 2 SFH's for example or 1 larger 4 plex? As a first time buyer getting into the business, what would you recommend and why? ..... Also , if your leaning towards Multi family, what search engines do you use? Realtor, Loopnet, CoStar?

Much appreciated.

Colin

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