Get single family first or multifamily first?
Hello fellow real estate peoples! I'm just starting out and I'm about a year or 2 out from getting my first home but I got a dilemma.
Is it better to buy a single family house first, and then get a multifamily (using the equity and savings from the first house to buy another)? OR is it better to get the multifamily first and then keep buying more houses from there using the equity and savings from the first house?
What's y'all take on this? I can buy a house or co-op at the end of the year and save 300-400 a month in monthly housing costs (the house PITI is less then my current rent) plus save because I won't be paying NYC taxes either. Then use any equity and savings from the first house to get the second one.... OR I wait a year or 2 and get the multifamily?