I’M STUCK!! Single Family or Multi Family??

[Kirk Frickey]

I don’t know where to start! For the past few months i have been educating myself on buy and hold properties. There is so much controversy on whether buying single family rentals is better than multi family, vice versa.

I’ve heard horror stories from both and also just as many success stories. Currently i have no rentals, but i have some fix and flips under my belt. I just want to try my best to start off on the right foot. Most people are telling me to start with single family just to get my feet wet, but these are also people with little to no experience as well, so that’s why i am here.

Should i start with single family since it’ll be my first rental? Or is it the same work with just a bigger dollar amount for multi family? If i do get multi family, i will be looking into a Property Manager after so many doors are in my portfolio. I’m looking forward to your opinion, thanks!

[Michael Glaspie]

@Kirk Frickey my suggestion is just START! You seem to be going through a perfect example of analysis paralysis. Your first deal will more than like NOT be a grand slam. It is more important that you simply complete the first deal. Go small and complete a SFR. Get your jitters out. Then scale as fast as you are comfortable (or uncomfortable) doing. Take action brother. You got this.