Single vs. Multi-family

[Andrew Lawlor]

Is purchasing an MDU an aggressive move for a first-time buyer? I live in the LA County area so the cost of housing is exorbitant and I know an MDU would require more capital. Just looking for some guidance since I'm new to the process. Any advice is appreciated! 

[Shiva Bhaskar]

Originally posted by @Andrew Lawlor:

Is purchasing an MDU an aggressive move for a first-time buyer? I live in the LA County area so the cost of housing is exorbitant and I know an MDU would require more capital. Just looking for some guidance since I'm new to the process. Any advice is appreciated! 

 Hi Andrew. A duplex or triplex may be possible depending on where you are looking and your capital. I want to move from single family into multifamily myself, but I will say that as a newer investor, 2 or 3 or however many sets of tenants can prove to be more work than one, and you want to be mindful of that. I don't think it hurts to start with a single family or two and grow from there.