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Updated over 5 years ago on . Most recent reply

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Justin Hayden
  • Specialist
20
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61
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Buying first property.. single family or multi-family?

Justin Hayden
  • Specialist
Posted

Hi-

My wife and I are looking to buy our first property. I’m personally leaning towards a multi family home because I think it’s a great way to get started in real-estate while also having tenants pay for our mortgage. I want to start off with a multi-family 4 unit property. Should I lean towards a multi -family, or single family home as my wife’s and I’s first real-estate investment?

Thanks,

Justin

Most Popular Reply

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Jim Pellerin
  • Real Estate Consultant
  • USA
750
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1,023
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Jim Pellerin
  • Real Estate Consultant
  • USA
Replied

@Justin Hayden I would lean towards a multi-unit investment. They are easier to cashflow. The qualification process is the same. The price will be higher but the return will be greater.

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