{"id":138099,"date":"2021-05-26T13:30:00","date_gmt":"2021-05-26T19:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=138099"},"modified":"2023-03-29T02:15:09","modified_gmt":"2023-03-29T08:15:09","slug":"multifamily-case-study-300k-risk","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/multifamily-case-study-300k-risk","title":{"rendered":"This $300K Multifamily Success Story Proves You Don&#8217;t Need All the Answers Before Investing"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC3252437987&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>If you\u2019ve been following me for a while, you may have been along for the ride when I decided to make the leap from building a big single-family portfolio into multifamily.<\/p>\n\n\n\n<p>This 40+-unit apartment building was one of my first dives into multifamily. It provided many learning points, but also turned out to be a great success.<\/p>\n\n\n\n<p>We got to experience taking the property full cycle, from acquisition to renovation and exit in just 18 months.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-2\/3 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Build your wealth with multifamily houses<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Learn how to become a millionaire by investing in multifamily houses! In this two-volume set, <em><a class=\"rank-math-link\" href=\"https:\/\/store.biggerpockets.com\/products\/the-multifamily-millionaire-volume-i?utm_source=blog&amp;utm_medium=blog%20banner\" target=\"_blank\">The Multifamily Millionaire<\/a><\/em>, Brandon Turner and Brian Murray inspire and educate you into becoming a millionaire.  <\/p>\n\n\n\n<div id=button-custom-event-block_64134fe56b103 class='button-custom-event'>\n      <a\n    href=\"https:\/\/store.biggerpockets.com\/products\/the-multifamily-millionaire-volume-i?utm_source=blog&#038;utm_medium=marketing_block\"\n        x-on:click=\"window.analytics.track('Blog Block | Publishing: MFMV1 Book', {\n      referrer: 'https:\/\/www.biggerpockets.com\/blog\/multifamily-case-study-300k-risk',\n    });\"\n    class=\" btn-shape inline-block no-underline has-background has-theme-gold-background-color has-text-color has-white-color\" target=\"_blank\">Get Your Copy<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/3 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/06\/mfm1-scaled.webp\" alt=\"\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Finding and negotiating the deal<\/h2>\n\n\n\n<p>In 2017, we found an off-market building in an up-and-coming part of town. The listing at $1.4 million had previously been withdrawn, but we were able to track down the seller through skip tracing.<\/p>\n\n\n\n<p>The seller was tough at first on price. Thanks to some great input from other investors here on BiggerPockets and locally, we were able to negotiate a very attractive deal. We ended up with a $900,000 contract price and seller financing.<\/p>\n\n\n\n<p>The good price going in helped us as unexpected scenarios came up after purchase. A boiler went out, which cost us $20,000. Plus, we were working through one of the worst winter months, causing delays in construction.<\/p>\n\n\n\n<p>Through my experience, going direct to owner has been the way we&#8217;ve saved over seven figures on deals, because we&#8217;ve avoided the competition among on-market deals. Especially in today&#8217;s market, with people often paying more than what properties are worth.<\/p>\n\n\n\n<p>If you start off with a bad deal by overpaying, you may have just dug yourself a hole that could be tough to get out of at a later point.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The exit<\/h2>\n\n\n\n<p>We had planned on keeping this property longer for cash flow. Then we received a purchase offer we just couldn\u2019t refuse, and it seemed like the best choice for everyone involved.<\/p>\n\n\n\n<p>So, instead of refinancing, we sold. It was the right move at the time to do our best for our investors and secure them a good return.<\/p>\n\n\n\n<p>The rents on the property had hit a ceiling, and the expenses were difficulty to push down further. Being a seller&#8217;s market, the decision was made to take advantage of the opportunity and sell.<\/p>\n\n\n\n<p>We ultimately negotiated a $1.85 million gross sale price, which ended up being $1,709,981 after all costs. That enabled us to pay off all of the financial leverage we used and deliver a 16.3% return to investors, which was well within the range we had projected for them. Not bad given we were in and out in 18 months.<\/p>\n\n\n\n<p>Our purchase price was $900,000. We seller financed with $200,000 down and budgeted $485,000 for improvements. We were all-in to the property at just over $1.4 million, as we went a bit over on the rehab. With all costs and the sale at the end of the day, the net proceeds to split were $310,626.76.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1118\" height=\"1110\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily.png\" alt=\"\" class=\"wp-image-138100\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily.png 1118w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily-300x298.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily-1024x1017.png 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily-150x150.png 150w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily-768x763.png 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/sterling-multifamily-200x200.png 200w\" sizes=\"auto, (max-width: 1118px) 100vw, 1118px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Lessons learned from renovating and leasing<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Scale<\/h3>\n\n\n\n<p>Managing one project of this scale was quite the undertaking the first time around. Going in without having dedicated onsite staff for leasing and maintenance probably made it more management-intensive and a little more expensive than it could have been.<\/p>\n\n\n\n<p>In our experience, it&#8217;s even more beneficial to go with even more units to a property so you can dedicate an onsite staff to manage the property. There&#8217;s a much better ROI on time and fewer moving parts within your business with employees when acquiring one 100-unit complex versus 100 single-families. I\u2019ve done both, and going with multifamily and more units just makes the most economic sense.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Time &amp; budget<\/h3>\n\n\n\n<p>As with everything in real estate, everything took longer and cost more than expected.<\/p>\n\n\n\n<p>It took longer to renovate each of the apartment units and get them released so we could hit 95% occupancy, up from 50% when we bought it.<\/p>\n\n\n\n<p>We gave the property a complete makeover, including signage and renovating unit interiors. When dealing with a commercial building of this size, you also learn that your overages can get big fast\u2014for example, a single boiler that added $20,000 to the rehab budget.<\/p>\n\n\n\n<p>We had added a contingency cushion for interior renovations. That should probably be larger if you are dealing with an older property with deferred maintenance, just to be on the safe side.<\/p>\n\n\n\n<p>Make sure you add a lot of cushion to your construction numbers. If you will be renovating through the winter in colder markets, that can cause delays too. Perhaps the same as trying to renovate properties in the south through hurricane season.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1031 exchange buyers<\/h3>\n\n\n\n<p>This buyer happened to be using a 1031 exchange. It turned out to be a great experience for us, while they were able to defer their taxes on a previous sale into the future. We would definitely deal with this type of buyer again.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The value of taking action<\/h2>\n\n\n\n<p>Prior to purchasing this deal, we didn&#8217;t have all of the answers. We had a business plan. However, we had to figure many things out on the go.<\/p>\n\n\n\n<p>People often feel they need to have 100% of the information known to the deal and then never take the action. That&#8217;s just unrealistic. When taking action you want to be calculated and protect against risk, however, there becomes a point where you have to make the leap. No matter how well you laid out your plans, things will always change.<\/p>\n\n\n\n<p>Just like taking the leap into real estate in the first place, deciding to jump into multifamily proved to be a great move.<\/p>\n\n\n\n<p>It can be scary to jump to multifamily, even for investors experienced on the single-family side. However, waiting on the sidelines isn\u2019t going to help. The best way to learn is to do it. If you want to supersize your results, taking massive action is the way to go. To de-risk a venture like this and build in more protection from the downside, seek out partnerships and mentors.<\/p>\n\n\n\n  <div id=\"posts_lists-block_60a4051d7580c\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  <h2 class=\"mt-0 mb-1 js-toc-ignore\">\n            More on multifamily from BiggerPockets          <\/h2>  \n                  \n        \n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-138032\" \n\tclass=\"content-card mb-0 flex flex-col  post-138032 post type-post status-publish format-standard has-post-thumbnail hentry category-deal-analysis tag-deal-analysis-advice tag-flipping tag-renovation tag-rookie-comm\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/extracting-intrinsic-value\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"332\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/05\/Buying-money-on-sale-560x380.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"The Key to Massive Rewards in a Hot Market? Extracting Intrinsic Value\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/buying-selling\/deal-analysis\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Finding Deals<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">6 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/214608.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-05-17T13:30:00-06:00\">May 17, 2021<\/time><time class=\"updated\" datetime=\"2023-03-29T02:37:49-06:00\">Mar 29, 2023<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/paulmoore' class='no-underline line-clamp-1' target=\"_blank\">Paul Moore<svg class=\"h-5 inline ml-2\" viewBox=\"0 0 21 21\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><g clip-path=\"url(#a)\"><path d=\"M19.253 5.25a1.75 1.75 0 0 0-1.663 2.29l-1.42.902a2.188 2.188 0 0 1-2.868-.46L11.91 6.28a1.73 1.73 0 0 0 .342-1.03 1.75 1.75 0 1 0-3.5 0c0 .37.12.732.34 1.03L7.701 7.982a2.188 2.188 0 0 1-2.868.46l-1.42-.903a1.75 1.75 0 1 0-1.816 1.203l1.035 6.205a.438.438 0 0 0 .43.366H17.94a.437.437 0 0 0 .431-.366l1.035-6.204a1.75 1.75 0 0 0-.153-3.494Z\" fill=\"#FFC107\"\/><path d=\"M10.502 17.064c4.108 0 7.438-.98 7.438-2.188 0-1.208-3.33-2.188-7.438-2.188-4.109 0-7.439.98-7.439 2.188 0 1.208 3.33 2.188 7.439 2.188Z\" fill=\"#FFA000\"\/><path d=\"M10.502 17.501c-3.915 0-7.877-.901-7.877-2.625s3.962-2.625 7.877-2.625c3.914 0 7.876.9 7.876 2.625 0 1.724-3.962 2.625-7.876 2.625Zm0-4.375c-4.597 0-7.001 1.137-7.001 1.75s2.404 1.75 7 1.75c4.597 0 7.002-1.138 7.002-1.75 0-.613-2.405-1.75-7.001-1.75Z\" fill=\"#FFD54F\"\/><\/g><defs><clipPath id=\"a\"><path fill=\"#fff\" d=\"M0 0h21v21H0z\"\/><\/clipPath><\/defs><\/svg><\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/extracting-intrinsic-value\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tThe Key to Massive Rewards in a Hot Market? Extracting Intrinsic Value\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Imagine this scenario: It\u2019s 2021. Everything and everyone around you is the same as when you went to bed last night. But you suddenly realize that prices on everything have&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"138032\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-138032 -->\n<article \n\tid=\"post-137233\" \n\tclass=\"content-card mb-0 flex flex-col  post-137233 post type-post status-publish format-standard has-post-thumbnail hentry category-biggerpockets-daily category-commercial-real-estate-investing tag-buying-selling tag-commercial-real-estate tag-multifamily tag-real-estate-comm\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/multifamily-deal-funnel\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"332\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/04\/multifamily-deal-funnel-560x380.png\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Create a Deal Funnel to Succeed in Multifamily Real Estate\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/biggerpockets-daily\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">BiggerPockets Daily<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">5 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/214306.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-04-15T13:30:00-06:00\">Apr 15, 2021<\/time><time class=\"updated\" datetime=\"2023-03-29T04:02:36-06:00\">Mar 29, 2023<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/whitneyhutten' class='no-underline line-clamp-1' target=\"_blank\">Whitney Hutten<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/multifamily-deal-funnel\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tCreate a Deal Funnel to Succeed in Multifamily Real Estate\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">The multifamily market is highly competitive and time is a precious non-renewable resource. Set aside a few hours to set up your deal funnel.<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"137233\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-137233 -->\n<article \n\tid=\"post-136911\" \n\tclass=\"content-card mb-0 flex flex-col  post-136911 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-investing-for-beginners tag-choosing-niche tag-newbies-advice\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/single-family-vs-multifamily-2\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/05\/Single-vs.-multifamily.png\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Single Family vs. Multifamily Rentals: Which Investment Is Right for You?\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/05\/Single-vs.-multifamily.png 1360w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/05\/Single-vs.-multifamily-300x200.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/05\/Single-vs.-multifamily-1024x682.png 1024w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/real-estate-investing-for-beginners\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Investing For Beginners<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">6 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/12140.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-03-15T09:30:56-06:00\">Mar 15, 2021<\/time><time class=\"updated\" datetime=\"2023-03-21T02:39:01-06:00\">Mar 21, 2023<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/sterlingwhite' class='no-underline line-clamp-1' target=\"_blank\">Sterling White<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/single-family-vs-multifamily-2\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tSingle Family vs. Multifamily Rentals: Which Investment Is Right for You?\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Is it better to invest in single family or multifamily rental properties? There are passionate advocates for both of these types of properties. How do they really stack up? What&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"136911\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-136911 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  ","protected":false},"excerpt":{"rendered":"<p>It can be scary to make the leap from single- to multifamily. But don&#8217;t wait on the sidelines. The best way to learn is to do. If you want to supersize your results, then taking massive action is the way to go.<\/p>\n","protected":false},"author":12140,"featured_media":138130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,5527],"tags":[2419,2247,1732,7228],"class_list":["post-138099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-commercial-real-estate-investing","tag-case-study","tag-commercial","tag-multifamily","tag-real-estate-comm"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/138099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/12140"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=138099"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/138099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/138130"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=138099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=138099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=138099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}