Updated over 3 years ago on . Most recent reply
Full Time RN Seeking Advice on Duplex vs. SFH as 1st investment
Hello BP community. I'm a 27 year old full-time RN (working on average 91 hours/week) with 100k in savings looking to dump into my first real estate investment. I'm looking to put 25% down on either a turn-key SFH or Duplex in the South Florida market (Hollywood or Miami). Which property type was your first and what would you recommend? I know that multifamily has the potential to provide more cashflow but the stability of long-term tenants with single family homes is very appealing since it seems more hands-off. Is a property management company essential for multifamily or just a convenience? Also, do you guys use apps such as cashapp or venmo to collect rent? Just curious. Thank you for taking the time to read this and happy 2022!
Most Popular Reply
@Yaniel Suarez PM would be a convenience (with the amount of work you are doing, might be a much needed convenience :)
Is this your first RE purchase EVER (and you want to house hack?) OR purely an investment?
I (and my landlord clients) have used all kinds of apps to collect rent.