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Updated over 7 years ago,

User Stats

32
Posts
6
Votes
Iaroslav Demydovych
  • Lancaster, PA
6
Votes |
32
Posts

Bunch of smaller deals vs fewer bigger deals

Iaroslav Demydovych
  • Lancaster, PA
Posted

So I am a new investor looking for my first deal. My logic was with the money I have saved up I could purchase multiple properties in 30k to 80k range with 20% or more down. Then I met someone at the local meet up and this guy said to me that it is better to buy bigger deals because they appreciate and cash flow better, for example his son in law got a ten unit for 280k and it came out to 360k after some rehab now it's worth around $550. I am not really scared to go for a bigger deal as long as the return on invested cash is good but what are your thoughts, should I also be looking at bigger deal or should I stick to smaller deal for now and wait for marker to correct in a year or two?