Condo’s/Townhouse or SFH to Start???

[Christopher Bell]

Hey BP!

It’s time to take the jump into Rental’s....

I’ve flipped a few homes to generate the capital and now I’m ready to begin building my portfolio to lead me into early retirement and attaining financial freedom.

I'm not a versed to the BRRRR method - and that's a focus for me to build the portfolio. However, I've been looking at potentially starting with a more turn-key approach.

I'm primarily looking in the South Jersey market and I've come across quite a few condo's/townhomes that have relatively low HOA's and seemingly would have a good cash/cash return. With 20% down my monthly payment would be around 900-1000 and rent for 1400-1500. Doesn't seem too bad. However, are condo's and townhomes a waste of time? Single family homes generally appeal to a wider market. Appreciate more. Have longer term tenants...am I sacrificing too much going with a condo/townhome? I'm in a position that I could acquire 3,4 of these with this approach. Is that a bad guide?

Thanks for your input....there’s probably some that I’m

Missing out and would love your expertise and guidance.

Thank you!!!