If there is a choice to be made, it comes down to what an investor "likes" or prefers about one over the other? 

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

Hi Kelly,I am currently with Equity Trust not by choice since they bought out Midland Trust last year (2023).

An experienced broker with lots of choices at the palm of their hand is probably the best bet.

The fear of unknown and the bad potentials, but then sh_t happens and ya remember that we got a choice to lay down and be done in by it or roll-up the sleeves and get to work and be a solution maker. 

We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.

You’ve made a great choice diving into real estate investing—it can truly be life-changing.

So, factor that into your thinking about whether its the right choice for you. 4.

@Kay S.Assuming you are getting title insurance (which I recommend) the closing costs will be similar to a traditional closing.

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.