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Updated almost 4 years ago,
which multi-family to choose
Does anyone have any recommendations or opinions about whether a first-timer should choose a duplex or fourplex?
I've had one real estate agent tell me (while I was painting her home) that for someone who's brand new, it's smarter to start with a duplex and that jumping right into a fourplex would be biting off more than you can chew.
I can imagine that's maybe because it's more work and responsibility.. but I'm wondering if there are other technicalities and details that a newbie may not realize right away that made her provide that suggestion. (?)
I understand that house hacking in your first duplex generally won't produce nearly as much cash flow as house hacking in a fourplex. So, what are the downsides of taking on a fourplex?
I appreciate any feedback and thoughts from this community :)