Go commercial vs stay residential for 1st 10 properties

[Samuel Dumond]

Got questions man where the helpers @

Just closed on my first Multi-Fam, it’s a 2 (3b/1) with basement and garages in East Hartford Ct area trying to grow my portfolio, what is the best way to go about it ? Take some years off to save 25% + closing cost to eventually close on a 5-20 family which would be the commercial route, but would take quite some time.

Or keep on buying 2-4 family property using fha or conventional loans and use them as owner occupied for 1 year then turn them into investment properties

But with this strategy I run the risk of falling into debt to income ratio or at least i think,

Those are the two strategies looming over my head if you guys have any insight, tips, articles don’t hesitate thanks in Advance

[Joshua Janus]

I would house hack every few years or however often that you can meet the equity requirements and refi. As you accumulate more properties you can use the rental income from the previous properties to help you qualify for the next. Just make sure they are cash flow positive! Also, I would find investors near you and pull money together to buy a 5-20 unit and scale faster.