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Updated about 7 years ago,
What to buy first 2-4 Unit or Mulit-Family?
I'm wondering which makes most sense. I can buy a 2-4 unit for myself to live in one unit and rent out the rest in San Diego County. OR. I can go to another part of the country and use the same amount of money and buy at least one apartment building that cash flows. How do I decide which is the best option? I do not own my own home. My thought is, yes... If I buy the 2-4 unit, I'll own my own home. BUT if I bought an apartment building, I could buy the 2-4 unit as my primary residence a few months and have revenue from both. What are your thoughts? I'm asking because. I tend to think far out (What box?) and sometimes I'm not the most practical person in my methodology. I find that the wisdom of other's experiences help me to see more clearly.