Multi family residence or SFR

[Craig Oram]

Hi all,

I have a question. I currently own a couple of properties in Jacksonville thru a TKP and I have been daydreaming about what to do next. If and investor has say 500k(I have about 2M but would not be willing to go more then 500k) in cash reserves. Should that investor be looking at diving into a bigger deal such as 2 million apartment? Or continue with slowly building portfolio of ~200k SFR? How do you buy a $2M apartment? Is it the same as SFR? Do banks see it as you buying several properties? I don't even know where to start. Just looking for some opinions from more successful people then me.... stand on the shoulders of giants and all that.

Thanks

Silicon Valley Semi Retarded Investor.