Tips for New Investors

[Adam Bielous]

Hello,

I am a new investor from North Jersey about 30 minutes from NYC so multi family properties are a bit pricey here. I am looking to acquire my first multi family property for renting out next year, 2021. I have a decent down payment i can put in - say, 50k.

Looking toward my future - I am torn between 2 options to start off my RE career:

1) going in on a smaller multi family deal (2 or 3 units) by myself, or...

2) going in on a larger multi family deal (4, 5, 6, etc.) with TWO or THREE other people to help finance the deal

Which option would be more beneficial in terms of cash flow (in general) and scaling for the next property after that?

Any advice would be greatly appreciated!