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Updated over 4 years ago, 06/14/2020
Talk me into Multifamily?
I bought ten SFH back in 2011-12, lucky timing for me. I stopped buying when the market improved (big mistake) thinking I would wait for the next downturn - and I've been waiting ever since. Now I have finally slowed down from my real job and have been saving my money so I am working hard to acquire more properties. I have had a great experience with my SFH, great renters, always 2yr leases and very low turnover and minimal calls. That said I keep hearing and seeing everyone say that once you get to 10 houses should definitely move toward multifamily for higher returns. My concern is that I will have much more work from shorter leases, more turnover, conflict with tenants in the same location and potentially more calls from tenants. I really want to give it a try, but just not seeing it so far. Let me know your thoughts! Thx Jim