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Updated about 4 years ago, 10/14/2020
Multifamily Vs Short Term Rentals-Which do You prefer??
I've been a single family residential investor for over a decade and it's about time I step up my game!
I'd ultimately love to have a few short term rentals around the country that we can also vacation to. Also very interested in multifamily, small apartment.
Which do you prefer and why? What's the bigger money maker?
And, when looking at multifamily, are there any pros or cons on owning the entire complex vs partial? I have my eye on a property that is a 20 unit complex (essentially 20 condos) and this seller owns 14 of the 20 that he's selling as a package. The complex has an HOA in place, numbers are workable (would like to get the price down some-have Not made an offer). Any reason to steer away because it's only 14 of the 20 units?
THANKS IN ADVANCE!!