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Updated over 1 year ago,
6 condo package vs. small multi-family
Although I'm leaning towards a more passive investment in a 1031 exchange, I did start to explore some property options in my local market. No interest in self-managing and would be a new active multi-family investor if I do something. Looking at a slightly under valued package of 6 condos (townhome style) in the same community in an A rated location vs. a few different small multi-family properties in more B to B- or C+ locations. The cost of the condo package vs. the lowest price MF in a B+ location is nominal. The other MF are as much as 80% more but do offer more units/revenue, etc. Condos are newer in a suburban area, while the MF's are mostly urban or lower end suburban. In general, what would be tougher to finance/refinance, manage, maintain and re-sell?