Yonah WeissPoster
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- Cost Segregation Expert and Investor
- Lakewood, NJ
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Is it possible to scale Single Family and small MF???
I had a great conversation with a friend yesterday who owns over 100 units, all of which are 1-8 unit properties.
He told me he is looking to scale up into larger multifamily properties 40-100 units. His claim was that he could not scale. He has a full time 'handyman/contractor' on staff , and all of the properties are within a 20 mile radius. However, the expenses of all of those small properties, including turnover and rehab just does not produce enough cashflow.
What do you all say? If MF the only option? Or do you think he can scale buy more of the same kind of properties?
I have invested in SFR, and am passionate about MF, so I encouraged him to go for bigger properties.