Grand Rapids, MI · Member since 2018 · 23 posts · 8 votes
I'm still fairly new but in deciding the cost benefit of multi family investing I'm curious why so many decide to go with SFR rentals. Im not saying they aren't worth it because that subjective but I'm curious why one would choose to use a single transaction unit opposed to a multi unit transaction. Is it the cost of the acquisition (down pmt), lack of experience, to much too soon, or what. Again I'm not fighting one way or the other but I want to go as large as possible as soon as i can. $400/month does not interest me one bit for the phone calls but $4,000 makes the phone calls appealing. So im curious what way most of you started
I agree with your sentiments I’d much rather go big or go home. A 100$ a door to me is a waste of time and I’ll do a vanguard fund before I answer evening phone calls about a mouse and change out light burnt bulbs
Many newbies are scared to do multis right out the gate due to lack of experience .Multis often cost more .they are sometimes harder to get loans on from a lender .some people prefer appreciation with the single over cash flow of the multi .Some people want to be able to get out ( exit strategy) easier if they fail .
I agree with your sentiments I’d much rather go big or go home. A 100$ a door to me is a waste of time and I’ll do a vanguard fund before I answer evening phone calls about a mouse and change out light burnt bulbs
Many newbies are scared to do multis right out the gate due to lack of experience .Multis often cost more .they are sometimes harder to get loans on from a lender .some people prefer appreciation with the single over cash flow of the multi .Some people want to be able to get out ( exit strategy) easier if they fail .
Thanks Dennis that's what I was thinking but thought I would get some ideas from others who may have had some insight. I appreciate your reply thank you