Updated over 5 years ago on . Most recent reply
Multi family vs single family
As a newbie I've saved up 40 to 50 grand and now I have a choice to make. Do I start with a single family house or be patient, save more and go for the ultimate goal which is multifamily? With the market this hot I can afford to wait for a better/bigger entry point but I also see the merit of starting my practical learning now. What do you guys think?
Most Popular Reply
If you haven't yet, buy a house hack and rent out rooms. Or Airbnb out part of your primary. Get that passive income coming in!
Multifamily is preferable, but not if you have to wait 4-5 years to save up the capital. Starting with a single family is great if it gets you in the game. You can always look for others to partner with on multifamily so you can get into the game soon and straight into multifamily (which is better than single family for cash flow)