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Updated almost 10 years ago on . Most recent reply
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Single family home or quadplex
I'm getting ready to buy my first rental property. What do you guys feel is the better buy, a single family home or buying a quadplex?
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Lots of factors to consider...will you be living in the quad? What are your long term REI goals? It seems most people transition to multi family if they want to grow HUGE, though I personally only own SFR and a couple duplexes. If you are looking at quads, be sure every unit is separately metered for gas, electric, and water if your area allows tenant-paid utilities. You don't want to pay for ANY utilities, other than a few security lights at most. Are you self-managing? A quad would make outside management more cost effective. A few points to think about.