Multifamily (2-4) or SFR???

[Michael Breedlove]

Kinda new to investing. In the Greater New Orleans area. A couple years ago my wife and I bought a 4plex. We took out a heloc after renovating and living in it for a year. Then found out we were having twins and already had 2 kids under 4. So we bought a SFR sight unseen bc it was a steal. We renovated it and will be closing on our refinance on Monday.

I’d like to buy another Multifamily property (2-4 units) but I’m in an area where many people are competing for the same properties and the numbers just aren’t working.

My question is, what are some insights for Multifamily vs SF and what are some insights for maybe things like auction.com and sherif sales???

Thanks for any input!

[Corby Goade]

Everyone has a different threshold for what is and is not a good investment. What are your expectations for a return? What are your long term goals?