Buy multi-families or save for apartment complex?

[Craig Moore]

Hi BP,

I have an open-ended question here. I've been saving capital to purchase my first multi-family property but just realized that while I would like to start my property portfolio that I am in no rush. I have sat on the idea of building it with multi-families but recently thought to myself, "why not just wait a little longer and save a bit more and go for the bigger fish?" Is this reasonable? I'm only 23 and think that scalability would be a huge draw for me. In theory, if I could buy a multi this year or next year that'd be great but wouldn't the idea of pushing off buying for 3 years to save up for a complex be more sound and scalable? Thoughts? What would you do?