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Updated over 5 years ago,
Ideal First Investment
Looking for feedback from investors on what the ideal first property would be for an investor. I have been analyzing properties and studying investing for a couple years and feel ready to deploy some effort and capital to start building a rental portfolio. I have heard different opinions on how to get started. I am not considering solely profitability, but what properties might shorten my learning curve for future investments. Obviously looking for decent cashflow, but I'm young so I don't mind the property management aspect at this point in time.
Potential Options:
Single Family
House-hack
4-Plex
I think I am leaning towards the 4-plex, as it allows me to go as big as possible, while still feeling under control. The ability to take advantage of FHA financing, while still having multiple different tenants to service and learn from. Anything I'm missing?
Let me know if anybody agrees, disagrees, or has had a good/bad experience with a 4-plex as an early investment.
Happy Investing!