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Updated almost 4 years ago, 01/05/2021
Should a newbie investor avoid Large Multi-Family?
I'm in my mid-50's and just getting started RE investing (haven't yet bought my first investment property). I'm feeling pressure to scale up cash flow quickly because of my age -- so I'm considering jumping right into large multi-family as a way to do that, rather than starting out with SFH or small multi-family to gain experience first. Is that foolish? I understand large multi-family can be a lot of work and has different sorts of problems than SFH and small multi-family. I also have a full-time professional career that takes quite a bit of my time (which I don't want to give up just yet), so worried about biting off more than I can chew. Should I just stick with SFH or small multi-family to start off with? Thanks in advance for any advice.