Duplex or 8-plex
Greetings! I currently have one duplex and am saving for the next rental. Long term I am focused on getting passive cashflow. I like multifamily rentals, and am debating between saving the 25% down abo 15-20k for the next duplex ( 70-100k) hoping to get 300-500 cash flow a mo, rinse and repeat. Or I could save a bigger 25% down payment of about 60k (which would take longer)for an 8-plex which would cashflow 1800-2000 a month.
Would it be better long term to buy 4 duplexes, 2 4-plexes, or one 8-plex as my next move/moves?
Thank you in advance for your responses.