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Updated over 5 years ago on . Most recent reply

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26
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6
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Jamaar Brown
  • Virginia Beach, VA
6
Votes |
26
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Single family vs multi-family

Jamaar Brown
  • Virginia Beach, VA
Posted

So been watching a lot of Grant Cardone, and I understand the logic behind multi units vs single family. But, my question is; can having multi single family also work similar to having one big multi unit? I have one unit and I am trying to get more but I don’t have hundreds or thousands of dollars to pay for a multi unit right now. Can I get a few single family and build from there? Any and all input is greatly recommended!

Most Popular Reply

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2,710
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2,238
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Patti Robertson
  • Property Manager
  • Virginia Beach, VA
2,238
Votes |
2,710
Posts
Patti Robertson
  • Property Manager
  • Virginia Beach, VA
Replied

@Jamaar Brown - I also focus on single family in Hampton Roads.  I have a few duplexes, but find that SFRs are easier to find and easier to finance. Right now our multis are selling at a lower cap rate than the investors I know can ever remember.  Come join us at the Hampton Roads Landlord Association some time!  We have a great group of like minded folks who share ideas, strategies, mistakes, and knowledge at a monthly lunch & learn.  Just google it and you can find a link.

  • Patti Robertson
  • 7574722547

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