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Updated 11 months ago,
Small or mid size multifamily?
Hi there! First time posting. BTW this community is awesome!!
I’m trying to figure out what strategy to take to achieve my goals. Hope someone can help shed some light!
so, what I want to do is to create passive income with cash flowing properties. I’m hoping to get to ~$4k/month passive income by the end of the year. (I’m starting from $0!)
Question I have is… what do you think about investing in smaller 2-4 unit multifamily vs 10-30 unit Multifamily deals?
In terms of locations, I like the Vegas, salt lake, Cleveland, Indianapolis, Phoenix, Minneapolis type markets.
What are the pros and cons? Any help appreciated. thank you.