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Updated over 3 years ago on . Most recent reply

User Stats

11
Posts
6
Votes
Jonathan Chu
  • Contractor
  • Los Angeles CA (los angeles, ca)
6
Votes |
11
Posts

Would you get a sfr or 4plex as your first investment?

Jonathan Chu
  • Contractor
  • Los Angeles CA (los angeles, ca)
Posted

As my first property to get into the real estate game. I just don't know if I should get a single family residential to do the Brrrr strategy and continue acquiring property's that way, or if I should get a 4 Plex and do the multi unit route.

What strategy do you guys recommend ?

Thank you in advance

Most Popular Reply

User Stats

34
Posts
27
Votes
Dallas Regimbal
  • Real Estate Agent
  • Oregon
27
Votes |
34
Posts
Dallas Regimbal
  • Real Estate Agent
  • Oregon
Replied

@Jonathan Chu It is difficult to answer that question without knowing your long term goals and how "passive" you want your investing to be. Typically, investing In multifamily units is going to allow you to scale faster and more efficiently. If you're willing to house hack you can get into the property with a low down payment of 3.5-5% depending on the type of loan you choose and then move out after the minimum requirement of typically 1 year and repeat the process. If you did this every year for 5 years you could own up to 20 units if you did that with single family homes doing the BRRRR you won't be able to get nearly as many units in that same time frame.

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