Single family or multiplex
Hi! I have just purchased my first property. It's a 3 bedroom 1 bath in Drexel Park, PA. This area has high taxes but I'm happy so far with the numbers. We have good, clean tenants and I clear $450 each month after all expenses (I put 25K down in case, rest is mortgage). Now I'm looking for a second property and I'm torn. It would be very easy to repeat this again in the same area. However, because of the high taxes on this single family, I've been looking at places with 2-4 units in neighboring towns. I can't seem to find anything that would create the same cashflow compared to what I would have to put down in cash. Some books and people advise against single families.. but others say the exact opposite. Would love to get some feedback from this group. Thanks!