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Updated almost 3 years ago,
Better to buy two fourplexes or one small apartment building?
I'm new to REI and targeting either two fourplexes or one small apartment building out of state as my first buy and hold properties? Is a 6-8 unit property better to help me scale and grow the business faster to eventually more properties, or is picking up two fourplexes just as good?
I've heard that apartment buildings are often better built as commercial properties compared to typical 2/3/4 multi-family homes purpose built for residential. I'm also familiar with the major difference between residential and commercial loans once you setup up into anything 5 units or more and that it's a more complicated loan process based on how the property operates as a business. I've heard "the more doors the better".
Thanks, this is my first post!
James