Quadplex in Cleveland - I need some real advice. Thanks!
Hello. I'm looking into a real estate investing in the Cleveland and Akron area. There's been some quadplex homes that I'm interested in. What are the pros and cons of owning a quadplex vs. duplex? Would you recommend buying it with cash? They are fully tenant occupied. The buildings are not renovated, but they seem like they're in okay condition from the pictures. Are there any building regulations for quadplex that are more complicated compared to duplexes? Any advice are welcome, even if they have nothing to do with what I'm asking! Thank you all!
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- Real Estate Agent
- Columbus, OH & Cleveland OH
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@Samme Chan
If it's your first deal, start with a duplex to get your feet wet and then move on to a 4-unit and bigger. If you have no experience managing 1 tenant adding three more into the mix isn't going to help. Buy the first one stabilize it then look at buying another.
- Patrick Drury
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