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Updated over 5 years ago on . Most recent reply

User Stats

9
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3
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Keith Odom
  • Real Estate Agent
  • Augusta, GA
3
Votes |
9
Posts

1st rental investment property type?

Keith Odom
  • Real Estate Agent
  • Augusta, GA
Posted

For a 1st time investor into real estate. I would like to rent out a quadruplex. Does anyone have any pros and cons that they could share that how help me with the decision that I am about to make?

Most Popular Reply

User Stats

280
Posts
171
Votes
Ben Sears
  • Flipper/Rehabber
  • Farmville, VA
171
Votes |
280
Posts
Ben Sears
  • Flipper/Rehabber
  • Farmville, VA
Replied

@Keith Odom I don't have any specific advice for you on your multi-plex but you should definitely go check out the BP podcast show number 55. Towards the end of their interview they talk about financing and how it's beneficial for new investors to start small and move up through duplexes, tri's, etc. The lenders and underwriters look favorably on this experience as you move up through bigger and bigger properties. This may be of some interest to you as you get started. Good luck!

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