Condo VS Multi Family

[Courtney Kelly]

I am new to Bigger Pockets and am seeking advice on whether it is better to purchase a multi family or a condo as an investment property. This would be my first investment property. I have read a lot of benefits about multi families, but I do have some reservations and feel that a condo may be the slightly safer option. I am looking in the Cape Cod and Southeastern MA area. Condos are generally less expensive, although have HOA fees associated. Any input would be appreciated! Thank you.

[Tom Wagner]

+1 on small multi over condos. The HOA will likely kill cash flow for condos, and with small multi you own the land!