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Updated over 9 years ago, 09/15/2015
Cleveland: Single Family Homes/Duplexes vs. Multi Family Apts
Clevelanders,
I've read many posts here about the various experiences of investors acquiring and managing SFHs and Duplex properties around Cleveland. I've seen far fewer discussions regarding commercial multi family apartment buildings locally. I recognize the abundance of SFHs is high and represents a relatively easy point of entry to investing - which may drive a lot of the conversation here. However, I'm curious, from those who play in both worlds, which do you prefer for our market and why? Benefits and drawbacks?
I recently read a few articles here on BP that challenge the benefits of MFA investing and push the reader to more strongly consider the SFH approach. What's the on-the-ground experience of locals?
The articles: http://www.biggerpockets.com/renewsblog/2015/09/12...
http://www.biggerpockets.com/renewsblog/2015/08/23...
Thanks!
Jeremy