Updated over 7 years ago on . Most recent reply
Best advice for which type of property to buy as my first
I am looking to purchase my first property within the next few months, but I am torn with where I want to start. I've been considering single family and multi-family (no more than 8 units), and ideally something local to me (central NJ).
If I do the single family option, I don't know whether to go with a turn-key property that I can just hold and rent or if I should find something cheap that needs a lot of work and then rent/sell it.
If I do the multi-family, I would prefer something that doesn't need a lot of repair work.
Just looking for the best advice to get the first one under my belt!!