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Updated over 4 years ago,
Buying a multi family apartment deal
Rookie investor here. I am 34 years old with 3 little girls. No debt besides my mortgage and the mortgages of my two rentals. I own 2 single families already that I rent out and have saved the last few years to invest in a larger deal.
I have explored single family turnkey with Spartan Invest and MidSouth Home Buyers and that route seems decent. However, the more I read and listen I believe that my strategy wants to be to invest in a 16+ unit apartment complex.
I have the cash for the down payment and asking BP if you were 34 again and had the opportunity to buy a larger deal or buy multiple smaller deals (100-120k SFH turn key deals) what would you do?
My goal is buy and hold. Any advice here would be much appreciated. Thank you.