Multi family vs single family home

[Edward Cates]

Hello everybody thank you for the last information on the room most recent post it was amazing a lot of insight from everybody and I hope that we can get more input on this topic the current topic is:

I have pre-qualifications for price range of multi family property out here in San Diego and Am able to put down the required down payment.

My only issue is that I cannot find a current multi family home with a good enough ROI. look on all the LMS listing websites and I spent hours , now days looking through hundreds of properties.

On the contrary I do find a lot of single family homes that are up to 15% or more return on investment properties for my first deal it would require a lot less money and a lot less leverage would you recommend that I test the experience to get involved into this I do wanna get on the fast track to earning more passive income and Am able to get a duplex/ fourplex, but again the issue is finding those good multi family deals vs single family deals.

Would you recommend starting small going big? I can retire faster I know it’s a slower process and I may learn a lot but I am ready to excel and turn my earned income to passive income!

[Chris Coleman]

@Edward Cates I suggest that you decide what type of investment assets you really want to focus on.  If you really want to do multifamily, then be patient and wait for that right multifamily opportunity.  Keep building connections and it will come.

On the other hand, if you want to be in single-family, or if you want to be in both single-family and small multifamily, then go ahead and seize the opportunities that are before you.

It sounds like when you say "multifamily", you're talking about 2-4 units. If that's the case, then starting with single-family rentals is fine and work your way up.  If they are that much cheaper, buy 2-3 of them if you can.

But again, if multifamily is REALLY where you want to be, then just wait for the right opportunity.