Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

Account Closed
123
Votes |
52
Posts

Bigger Picture. MF Units/SF Units (UNITS R UNITS!!!)

Account Closed
Posted

Ok so I am back in the saddle and I am looking at buy and hold real estate. I started my investing years ago as a flipper however now I am ready to purchase buy and hold properties. Since I have been back researching properties my goal is to purchase multi-family units. I am online looking at properties and what I have been looking at is out of my price range. When I see the prices I say that I may need to save for about 5 more years to purchase the building that I want. I have listened to Grant Cardone over the last five years and it is embedded in my brain that I should purchase at least 16 to 32 units. 

However I say to myself why would you wait to purchase in five years when you can purchase single family units now. I have the money, ability and know how to buy, fix, and hold. It is even more evident when I run the numbers that I should be purchasing SF units out of state. I feel that in five years I can have 100+ sf units. However if I wait to have the right amount to purchase that 16+ unit building Ill be even further behind where I could be in sf units. please leave your thoughts and advice on my UNITS ARE UNITS dilemma. 

Most Popular Reply

User Stats

3,926
Posts
4,385
Votes
Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,385
Votes |
3,926
Posts
Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied

@Henry Wolfe buy now.... property appreciation will far outgained the 1% your cash is getting from a savings account. Then, use tax deferred methods to transition into larger units.

You're right, sitting for 5 years will put you 10 years behind. Grant Cardone doesnt live in the real world, and doesnt seem to have a solid grasp on RE investing, unless you're investing in his investments....

Loading replies...