Start with 3 unit & 4 units buildings for a newbie, or go bigger straight away?
Hi there, I am seeking some advice on strategy for a newbie. Should i start with 3 unit or 4 unit buildings and grow from there, or should i start straight away with commercial residential real estate and look at much bigger buildings (even apartment complexes)?
My goals are cashflow. I have spent the last 2 months doing a significant amount of research and learning about REI. I have been analyzing tris and quads in the upstate NY region (hudson valley), and am about to start looking at tris and quads in Albany, NY. So far - i have found only lukewarm deals. I don't really want to spend a lot of time with the day-to-day of managing properties, and essentially want to be a hands-off investor; this is what makes wonder if i should be looking at much bigger buildings. I do have a good chunk of capital to invest
Would appreciate any insight here?