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Updated over 11 years ago, 07/18/2013
Newbie to BP- switch from SFH to multifamily
Hi all,
This is my first post yay! Just started investing in real estate a couple years ago. Own 3 SFHs and a 4th currently under contract in the states and 2 condos in the Philippines. Im looking at expanding my portfolio and have thought about having my 5th property in the states be a multi-family (probably something small like a duplex/triplex).
What advice would you have for someone knew to multifam especially with respect to the market right now?
What are the differences in financing?
What's your typical percentage of income for a contingency fund for repairs and maintenance?
Also, I'm in China so I'm wondering about issues being remote?
Thanks,
Mark