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Updated over 4 years ago,
Want to create wealth as a DIY rehabber ... do I go for SF or MF?
I successfully rehabbed and sold a property back in 2018. Made 32k after taxes. Now have the opportunity to purchase a home with a traditional mortgage and Id rather it be a fixxer-upper, and one that would net about the same, around 30k, after a rehab on it. Question is, should I look for a 1, 2 or 4 unit property? Basically am trying to do a "flip" on a property that you can live in, but one that needs a good bit of work and wil lyield a lot fo margin.
All Im really interested in is maximizing profit and it'd have to be livable so do I just run numbers on each and every available property? arv and all? Or should I focus on duplexes, live in one side and rehab the other, or just buy a fourplex and go that route?
What are your thoughts?
TIA!