investing/ flip advice: investing in 1 large or a few smaller

[Daniel Goldschmidt]

hi all, 

im moving from CRE into flipping appartments for myself full time. my question is from a practical point of view.

i am looking to do some deals and are constantly faced with two options. Buy 1 large unit, renovate it and sell it. or buy multiple smaller units and do the same.

the profits will be more or less the same, but i am open to advice from people who have faced the same situation, and/or done both.

look forward on hearing your suggestions.

[Jonathan Greene]

The profit likelihood will be the same, but not guaranteed. The more properties you do at once, the more problems you undertake at once. So if you have three good ones and one bad one, that bad one can sink you. On the other hand, the three good ones may carry you through the bad ones. In my experience, your time vs. profit metric will be better served doing one larger vs. multiple smaller if you see the profit the same. Less crews, less issues, less properties, less to go wrong.