Large or Small Deals?

[Paul Thompson]

Does it make more sense to pull the trigger on several smaller deals (duplexes/4plexes) or wait for one larger deal (8-16unit multifamily)? Or is it just about finding the right deal regardless the size and pulling the trigger? Which makes the most sense long term? 

[Michael Bishop]

Paul, depending on your strategy and whether you prefer to be passive or active, I'd also say that you should consider VERY large deals (large multi-families aka apartment complexes). You'd of course have to take a passive role in this type of investment (unless you have access to a ton of capital and the know-how to acquire and operate one one your own), joining a syndicator as one of their investors/limited partners. But, if the right deal is found, apartment syndication can be very lucrative. Plus, some like the passive aspect of them as opposed to SFHs where you're responsible for every aspect of the deal from purchase all the way through eventual sale.