General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 07/23/2020
Tell me why I’m wrong! Classic SF vs MF debate
As we all know it’s possible to obtain the 10 30yr fixed rate mortgages, which in my personal opinion is almost non negotiable and is my main focus.
So with that said, my plan is to get 10 quality B+ SFR properties in generally low cost of living areas. Recently I've been digging into the idea of potentially doing 10 small Multifamily (2-4) in order to maximize the number of doors after I reach 10 properties. Owning rentals seems to be an economy of scale and more doors means more tenants which means higher probability of stability in my overall portfolio (that's my though process anyway)
However, tenant quality and turnovers can be a cash flow killer and that’s where I’m stuck. This is more of a quality over quantity debate, 10 families in a nice area will most likely treat the property better and have a tendency of staying longer.
To put everything into context I’m doing the out of state turnkey thing. I am a median wage earner in Seattle and my main goal is cash flow and I can’t complain about tax benefits either. Currently own 1 OOS single family looking at my 2nd