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Updated over 7 years ago,
Small complex or 3-4 unit properties?
I'm in the process of moving to TX and am purchasing a primary residence. I asked my mortgage broker approximately how much my DTI ratio would allow me to purchase for a multi family property(s) and was surprised to learn it's high enough to allow me to purchase something like a 10-15 unit property, or alternatively 2 (or maybe 3) triplexes or 4-plexes. I've owned a triplex for the past 7 years.
Eventually I would like to purchase a small apartment complex, but I don't know if I would be better off going the multiple triplex/quad route first, and then later trade up. Do you have any thoughts on the advantages of each possibility? Thanks.