Updated almost 6 years ago on . Most recent reply
First Rental property
Buying your first rental property... should you start big (Triplex 3 to 4 bedroom) then work your way down or start small (Single family 3 to 4 bedroom) & work your way up. I know with an FHA loan if you start small you can't work your way up but if you start big you can work your way down if you want to a duplex, single family or buy another triplex. Is that true?
Most Popular Reply
It's more about the opportunity than the property type. I would rather own a SFH in a high demand, year-over-year rent price increase market than a triplex in a so-so market. Choose the market first and then explore opportunities. Do the analysis and it will become very clear, very quickly as to which property is the right one.
Congrats on your soon-to-be acquisition!