Multi family vs single family

[Tsilina Aybin]

Hi everyone !

We have been investing in single family homes and so far all is working out well. We have been buying homes on the cheaper side, renovating, renting and refinancing. Our ROI is great!

Lately I have been listing to podcasts and reading books and everyone is saying to invest in multi family's. I must be missing something. Every multi family deal I analyze has lower ROI than our single family homes..... what am I missing ?

Thank you

[Peter M.]

It depends on your area and the market cycle. If you live where multifamily is sparce, it will be more expensive and thus less profitable. If SFR is working for you, keep going. Just because the herd is saying multifamily, doesn't mean you have to follow them. Most people toting that ideology bought in the market downturn and are reaping the rewards now. Multi family has advantages and disadvantages to SFR that have been discussed ad nauseam on here so it just depends on what works for you.