Multi family vs single family

4 Replies

Hi BP

What are some key things that are attractive you would say in multi family homes vs single family homes in the Seattle Washington to Everett Washington area? 

Originally posted by @Keith Ellis:

Hi BP

What are some key things that are attractive you would say in multi family homes vs single family homes in the Seattle Washington to Everett Washington area? 

Well the cost factor is crazy especially in Seattle.  But I personally do not invest in Class A properties, so my main concern is: can I depend on non A-Class tenant to pay my mortgage, or do I need to have a property that I have multiple payees to help me cover my costs?  This also goes into the price that I pay.

Is your strategy to buy and hold long term?  If so, you might consider looking into the macro-economic forecasts in both cities, look for year over year trends in vacancy rates and rent rates, and familiarize yourself with any new or looming laws/ordinances that might impact your ability to profit month over month.

Choosing to invest in multi-family vs. single family is also about person preferences.  How comfortable are you with being hands-on or not...managing the manager, managing the tenant or just receiving that check at the end of each month. Your net profit and the ease with which you maintain life balance will be influenced by your decision.

I hope this is helpful. 

@Kathleen Wilcox I am wanting to start out as a Wholesaler for starters and build capital. Am now trying to figure out my marketing campaign and how to scale my business. As well trying to figure out how to Analyze property and determine my offer. 

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