DONT BE STUCK IN SINGLE FAMILY HOMES FOREVER

[Jason Malabute]

Most big time investors tell you to skip SFH and jump straight to multi -units. If you have the stomach to invest at least $100k in your first real estate deal without any knowledge and extensive knowledge then go ahead. You're better than me. Even if I had a trusted mentor, it's difficult for me to trust him. with hundreds of thousands of dollars without me knowing what's going on.

On the other hand , I suggest new investors to first start with SFH. SFH will teach you the basics of real estate. It will teach you the acquisition, due diligence , rehab, marketing, and refinance process. It will teach you how to manage your team and how to respond to tenant requests .

However, the secret is not to be comfortable being content staying in SFH.

I have had so many experiences with SFHs. I've had everything from flooding to burglary. SFH only has one income stream. So when something happens like a water heater leaking or burglary you will pay out of pocket if the rent is not enough to cover the expense.

However, in apartments if a major expense happens in one unit you have 20 other units to cover the expense and put cash flow in your pocket.

Some investors value equity over cash flow. They argue "I love SFH because the equity grows faster than equity of apartments. I think this so silly. I have one question for those thinking like this. Can I buy food with equity before I sell the property? Yes or no?... OK then .