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Updated about 7 years ago,
What should I focus on? SFR vs MFR
Hi all,
My partner and I have been ramping up and really looking into SFR to invest in over the next 3-4 months(he owns a few SFR already). After having done research on BP regarding both SFR and MFR, I have to admit that my original tunnel vision of SFR is no longer there. After having read 7 Years to 7 Figure Wealth from Brandon it really showed the potential of MFR and building wealth. Anyway, I wanted to get some insight from some experienced investors here on the BP forums. Are SFR a better investment if you are looking for appreciation as opposed to cash flow? Reading through the forums it just seems like MFR do so much better in cash flow so I wonder if there are any clear benefits to investing in SFR over MFR? From what I've read(please correct me if I am wrong) SFR usually cash flow less than MFR but usually keep tenants around longer and you can sell a SFR higher than MFR due to investors usually only having an eye for MFR which in turn they want a great deal.
I would love to build passive income through real estate over the next decade or so to replace my full time job. What do you suggest I focus on? SFR? MFR? Both?
Thanks for any input!