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Updated almost 8 years ago,
Brrrr SF vs Multi-family
Hello BP,
Sorry if this post seems redundant, I searched and there are many similar but none seemed to answer this one question I have in the back of my mind.
I would like to start down the road using the Brrrr strategy, but I am unclear on if multi-family can/will work as well in my market. I am in the Milwaukee market, and there are quite a few duplexes. Which is great for cash-flow and has been my focus when searching. Unfortunately "most" of them are in less than great areas. And the ones that are in the better areas will very be difficult to get a great "deal" on that meets the Brrrr criteria. (but I will still be looking to dig those gems out). So the question becomes, do I take my focus off of duplexes, and look at SF homes in better areas, which are a bit easier to find, particularly in the surrounding 'burbs, and look to transition to Multi-family farther down the road? Or, am I better off grinding to find that gem in the form of a duplex that is also in a great area to get my start and get the extra cash flow plus rehab, even if it takes longer to get started?
Thanks
Jay