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Updated almost 5 years ago,
Multi Unit vs SFH Down Payment
Looking to purchase first deal. We are currently looking and making offers on SMF in Albuquerque. We have 40k to spend on our initial investment and want a turnkey property. Obviously we are looking for something cash flows and would like to scale upward as we go a house a year or possible more.
Listening to the podcast and reading on forums, it has been discussed that "The Stack" is something you can use to help you out and make the first deal something to get your feet wet and then move forward with duplex tri etc.
If we have a finite amount of money to put down for an initial investment, would it be smart to spend that money on a more expensive multi fam 200k or spend less and buy one SFH and learn with a smaller initial investment?