Updated about 6 years ago on . Most recent reply
Bunting to get on base
I am back to a conflict of strategies. Cheap townhomes/condos vs quadplexes. In my area I could buy 4-5 townhouses for the same cost of a single quadplex. The lower end townhomes would be a bunt to get on base (for those who like baseball analogies.) a slow and steady income. The quad plex is swinging for a double (apartment complex would be a homerun).
Have any of you done townhouses/condos as a strategy? I heard a podcast a while ago and the guy had focused exclusively on them, nickle and dimed his way into financial independence. I have to admit there is an appeal to real estate spread out.
IF I did go with townhouses, part of my strategy would be to try and buy the neighboring units as well over time.
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I think you have the concept of a double, single, home run twisted. A home run has nothing to do with size, but return. If I have a 500 unit apartment building with an overall return of 4% and a condo with one of 24%, the condo is the home run.
Lets talk turkey, what are the returns on the 4 plex and condos?