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Updated over 5 years ago,
First time buyer - SFH or Multi Family?
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