Starting out in multifamily

[Eli Saunders]

Hello! I have 2 partners, one is limited partner supplying most of the down payments ect.

And my brother in law and I will do most of the renovations ect.

We already have one duplex

We have around $80k combined saved up for down payments, renovations, ect.

The question is should we continue to buy duplex’s/triplexes or Should we look into something bigger like a 10 unit?

We are kinda of stuck between the two right now and any feedback would be greatly appreciated!!

Thanks!

-Eli

[Ronald Allen Barney]

Bigger will take either more cash or private gap funding.  Let the quality of deals pull you into bigger if they're there, or if not, if better deals are in smaller MFH, go that route.