Hi everyone, I am struggling if I buy a 4 unit house or a 2 family house. The price of the The 2 family is 40k higher than the 4 unit house. The 4 unit house has 3 x 1bed and 1 studio. They are both in the same area but the 2 family house is in a better location. They both generate a good income. The only concern is the 4 unit house has some challenging tenants. It’s gonna be a big project to have them move out at the same time and I do not want to wait until next year to apply the mortgage. The 2 family house has tenant as well but they are ready to move out. Please give me some advices. Thanks!!
I like the idea of having 4 units vs. 2 units however buying in a better area is probably the better decision. Also, the 4 unit has smaller units which might have more turnover. The 4 unit would need to be at a sizeable discount to choose than one over the 2 unit.
Thank you very much for your advise
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