SFH vs MFH

[Steven Bays]

So I have been back and forth on which I would like to start with. SFH have more exit strategies and that is favorable to a first timer but I love the returns on MFH. If I have 20-25% down in cash and credit cards to make a move before winter hits cincinnati, what do you all recommend as my first purchase? Thanks for any feedback.

[Darrin Carey]

@Steven Bays Knowing what I know now, I would have done things differently. Now I do a combination of singles and MFH.

If you objective is cashflow, then multis are the right choice. I'd look for one that needs light rehab in a blue collar area. The rehab work gives better forced appreciation when the work is done, and my blue collar tenant seem to stay longer than others. (and less drama than low end rentals.) Ideally, if you can find a MFH in a primarily SFH area, that's a good spot to be.

I'm more Dayton, but I've seen some good Cinci deals in areas like Lockland, Norwood, College Hill, etc. Of course every community has good and bad neighborhoods.

I always start looking on Craigslist and other sites, or do my own marketing. Not using the MLS much these days, the easy deals have dried up there.

Good Fortune!