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Updated over 4 years ago on . Most recent reply

User Stats

18
Posts
5
Votes
Dustin Crawford
  • New to Real Estate
  • Palestine, TX
5
Votes |
18
Posts

Single or Multi-Family for First Rental Purchase?

Dustin Crawford
  • New to Real Estate
  • Palestine, TX
Posted

I've been searching for my first investment for some time now. I am going back and forth between buying a single family home versus a multi family unit. For a first time buyer, what do you think is the best option? There aren't many multi family units in my city (Palestine, Texas), so if I go that route, it will have to be a distance purchase. Also, SFRs are being snatched up within days. What do you guys think?  Thanks in advance!

Most Popular Reply

User Stats

253
Posts
88
Votes
Kevin Dureiko
  • Lender
  • Bolton, CT
88
Votes |
253
Posts
Kevin Dureiko
  • Lender
  • Bolton, CT
Replied

@Dustin Crawford In general, going for a tri or 4 pled is economically adventitious. As someone who is in nearly every facet of the business. 1 door is the same work as 4. That being said getting as many doors under one roof just makes more sense economically and its more stable. 

There's plenty of people that would disagree and say to start small or amass a portfolio of SFR. That may work for them. Historically for myself and clients, the more doors under one roof the better.

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