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Updated about 2 years ago, 09/21/2022

User Stats

7
Posts
6
Votes
Greg Lyons
  • Rental Property Investor
  • Seattle, WA
6
Votes |
7
Posts

Straight to commercial multifamily?

Greg Lyons
  • Rental Property Investor
  • Seattle, WA
Posted

Will be seeking to invest between 400-600k into multifamily, aiming for maximal cash on cash return. Initially thought duplexes or triplexes in B class properties in Cleveland suburbs (out of state, have family connections) but am debating if 5-20 unit commercial multifamily would be faster route to growing passive income (i know it won't be truly passive, lot of work to get it running well, management in place, etc). Appreciate any guidance from more experienced investors. My goal is to ease out of W-2 in the next 5 years if possible through out of state investing from new home base of Idaho.

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