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Updated about 4 years ago,
BUY AND HOLD NOW OR MULTI FAMILY SYNDICATION LATER
Hello BP!
I am still a newbie investor, looking for small buy and holds and possibly BRRRRs. As of right now, I can go down many routes, but finding the right pay seems to be the hardest obstacle. Financially, I am able to afford a decent down payment on a multi family that is turnkey, but I am not seeing the ROI on those in NJ. I have started looking at higher cash flow areas in southern NJ, but there seems to be very little appreciation. My current situation is, if I decide to act now, I can buy a handful of small SFH or small multis in south Jersey that will cash flow or I can wait another year and I can meet the accredited investor standards and get into multi-family syndications.
My predicament is that I can either get into doing the work it takes to buy smaller deals and cash flow well, or wait until I am an accredited investor and still cash flow off of syndications without doing the bulk of the work.
Which route would you take?