MULTIFAMILY OR STR SINGLE FAMILY ? AS A FIRST INVESTMENT IN FL.

[Adelle Swan]

Hi all on BP!  Some advise is greatly valued please.  Anyone who has experience and who can offer sound investment advise.  I have access to a great lender and now the only thing is to buy the property.  The RIGHT one of course.  

I am looking at either a single family home to do STR (for max. income and cashflow) or a Multifamily LTR (triplex and up to even 12plex etc. ) In all circumstances the deal must work and everyone needs to get paid each month at the end of the day of course.

But what would you recommend is a better deal to start with to ensure I start of strong and well ? (all properties we look at will pass the BP deal analysis and check all the boxes for positive cash flow , COC , ROI, 50% rule etc.)

A) A SF doing a STR ? (to hold and is a start to our property portfolio.  A friend is doing this near my area and is making roughly $8-10K p/m on each of his 3 properties recently bought & rehabbed to high end finishes).     

B) A SF , Rehab and Flip? (to make a profit and gain more cashflow) and then do another. 

C) Multifamily of any kind, Rehab and LTR ? (to hold and again is a start to our property portfolio and for long term appreciation) . Here I will make a $350 COC return each month for example on a deal my son and I currently ran on the deal analysis. I am not too phased making money on this property now, as long as rest assured I know the lender and the down payment pvt. lender and all the holding costs etc gets paid each month for the length and longevity of this deal. Later on in 5 or so years I can sell the property or I can retain it, settle everyone or instead draw equity out of the property later on and find another great investment.

Thank you so much for this great Forum and in advance for your input!  Happy Investing ! 

God Bless ,  Adelle