Single family vs Multifamily? Your opinions and advice

[Christian Albright]

I’m currently toying with the idea of going for a small multifamily property instead of a single-family home to make the numbers work in a more competitive market.

I’d be curious to see what people have to say in regards to what type of property they prefer.

[Seth Ciminillo]

Hey! It all comes down to your personal investment strategy/goals. I personally don't know a lot about Denver, but I always believe that it is wise to buy cash-flowing deals. Compared to where I'm at in Lima, OH - Denver is an appreciating market and if you can make a single family home cashflow and count on the appreciation being the large payday down the road, that could be a great idea. But if you are looking for stronger cashflows and to scale your rental business faster - multifamily is the way to go! Multi's bring about their own unique challenges and can sometimes be more management intensive - but I think it is easier to scale buying multi units rather than trying to scale buying single family homes. I own both - but I am going to focus on small multi's for now because it fits my personal strategies and goals better. 

You looking for big cashflow or minimal cashflow with equity appreciation?