Single Family vs Multifamily

[Dorian Moran]

Hi My name is Dorian and im starting my real-estate investing journey and have this question. Which type of properties are better for new investors get started with, single family or multifamily?

[Jasmine Delves]

Single-family tends to be more affordable and easier to manage, especially for new investors, as you're only responsible for one unit. Depending on the type of tenant you get, you might experience less frequent turnover too (vs there always being someone moving in or out of a multi-family). The downsides are that if you do experience regular turnover and vacancies, this can be expensive as you don't have money coming in from other units. Investing in multi-family makes it much easier to scale up and expand your property portfolio, although also requires more work.

There are pros and cons to both so it really depends on how much of a commitment you want to make (in terms of time, money, work, etc.). 

Hope that helps!