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Updated almost 9 years ago on . Most recent reply
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Do I start out with SFH or Multi-Unit and why?
I'm still new to real estate investing so I need a little guidance and advice on which way to begin. I already decided that I want to be a buy & hold investor. The question is do I start out with SFH or Multi-Unit and why? Any replies would be appreciated.
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I personally like the idea of a triplex of four plex over a duplex.. although it's been said that you'll get more headaches with more units, you'll also get more people providing you rental payments, and your cash flow divided amongst more people so when you do have vacancies you won't be effected as much.
Allow me to give you a different point of view that others have provided. Although I've read that it's "too hard" to manage more tenants, I recommend you don't let the word "difficult" ever stop or deter you. The profits you make are in direct relation to the difficulty of the problem you solve. If you can relate reward with difficulty, then you'll WANT the complexity and difficulty of more units.
Read a book called the Obstacle Is The Way, or watch a video on YouTube called Embrace the Difficult by Tai Lopez..
Just trying to give a different point of view so you don't say no because of the difficulty of the deal..
Either way, best of luck to you