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Updated over 3 years ago on . Most recent reply

User Stats

12
Posts
2
Votes
Jennifer Soltis
  • Investor
  • Painesville, OH
2
Votes |
12
Posts

GOING BIG OR GOING PART WAY WITH FIRST MULTI-UNIT

Jennifer Soltis
  • Investor
  • Painesville, OH
Posted

Hello all,

I am looking to purchase my first multi-unit and not sure if I should go big or go half way to get the momentum going. The smaller 3 unit is 15.58% CoC. Closer to home and in the city. The 6 unit is 19.84% CoC and would take all my reserves but this would grow quickly to reinvest in the next one which has $1,000 a month cash flow. And it has a commercial front that needs rented. This is in a more rural area. Both properties will have no showings until an offer is accepted. Thank you in advance for the feedback.

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