Should I start small or go big?

[Terrick Osborne]

I'm a new investor liking to buy my first rental property. I've got a pretty healthy sum of money to start with, but I'm really scared of making a wrong mistake. I would like to start with just one duplex, but I've been presented with this opportunity to buy a small apartment complex here in South Florida. I really would like to buy the apartment complex, but I'm really scared to start out with my first property being an apartment. Which way should I go?

[Gus Kazek]

Originally posted by @Terrick Osborne:

I'm a new investor liking to buy my first rental property. I've got a pretty healthy sum of money to start with, but I'm really scared of making a wrong mistake. I would like to start with just one duplex, but I've been presented with this opportunity to buy a small apartment complex here in South Florida. I really would like to buy the apartment complex, but I'm really scared to start out with my first property being an apartment. Which way should I go?

 I would suggest going the small apartment complex route, more units give you better cash flow and the ability to scale at a much faster rate. You also don't have to depend on 2 doors for income. Look to go in on the deal with someone that has experience and can help you learn to manage at a much faster rate than you would on your own.