Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

Purchase price: $205,000 Cash invested: $60,000 This was the first property I purchased.

I'm looking to purchase an investment property in Allentown PA.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

I am learning a lot about real estate and want to purchase a rental property in my area.

Okay I know I asked a different question earlier but I have another one considering anther situation. So this Multi I want to offer in Kearny New Jersey (NJ) has an illegal finished bathroom in the basement and finish...

Plan is to purchase a couple homes over the next year.

Quote from @Srikanth Kumar: Hi Everyone,I’m relatively new to long-distance investing and am exploring the purchase of multifamily properties in Cleveland.

Right now, I am renting but have a goal of purchasing a duplex, triplex, or quadplex in the coming months.

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.