Single family homes...

[Heather Rodden]

I’ve been currently looking at single family homes. But as I keep reading, many investors comment on them not being the best choice. I live in a rural area, and multi family units are somewhat hard to come by. What is your opinion/experience with single family homes?

[Dennis M.]

@Heather Rodden You scrimp and save and finally get that SFH home . After insurance renovations taxes utIlItIes blah blah you are getting about 200$ a month in profit ( probably closer to 100$ in most hot markets) the tenant calls you here and there to fix things and In general causes drama over the next couple years but pays and You remInd yourself it’s all worth it because you are atleast getting cash flow .... then after just a couple years the furnace goes out to the tune of 3 grand ,now you lost any and all profit for thd last several years just to cover one stinkin repair . All the calls all the trouble visiting the property paying the garbage the property manager was in vane over one stupid appliance loss .