Multi family vs single family home
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!
Most Popular Reply
Well let you provide you with my 2cents.... I was looking for multi family when I started Investing problem was not many made sense at that time.. so I widened the net and found a handful of single family that made it easier for me to get into the multi family deals that did made sense down the line.
If your hart is set for multi just keep your nose to the grind stone as they say and something will eventually appear.