Single-family homes benefit from a larger buyer pool, appealing to families and owner-occupants, which makes them easier to sell.

We had a flip where we were doing a complete gut renovation.

Here are some key takeaways from our experience flipping homes and running a renovation business in San Diego.1.

But starting with single-family can be a great way to gain experience and confidence before tackling larger deals.If you were someone I knew personally, I would probably suggest multifamily, but it's not for everyone.

Renovated Hey @John Perkins, welcome to the BP Forum and nice work!

Unless I’m overlooking something, I haven’t been able to find mentors who specialize in helping rookie investors navigate the small multifamily space for properties no larger than four units.If you have any recommendations for helpful programs, coaches, or resources you’ve had success with or heard good things about, I’d greatly appreciate it.Thank you so much in advance, and happy New Year to everyone! 

Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

Are you set on starting with a larger property, or would you be open to beginning with something smaller to build experience?

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

Lots of older houses but there seem to be several that have the potential for cash flow and while not exactly modern on the outside, have been renovated inside.