Updated about 4 years ago on . Most recent reply
GOING BIG OR GOING PART WAY WITH FIRST MULTI-UNIT
Hello all,
I am looking to purchase my first multi-unit and not sure if I should go big or go half way to get the momentum going. The smaller 3 unit is 15.58% CoC. Closer to home and in the city. The 6 unit is 19.84% CoC and would take all my reserves but this would grow quickly to reinvest in the next one which has $1,000 a month cash flow. And it has a commercial front that needs rented. This is in a more rural area. Both properties will have no showings until an offer is accepted. Thank you in advance for the feedback.