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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Brandon Pace
  • Investor
  • Centerville, UT
47
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61
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Why so many recommendations to go multi family - commercial?

Brandon Pace
  • Investor
  • Centerville, UT
Posted Jan 17 2021, 00:54

I'm a newbie and have recently purchased 3 properties, all townhomes in Utah. Two are in southern Utah and will be vacation rentals which will cash flow really well. My third is a long term rental in northern Utah that will appreciate well but cash flow low. I'm looking to take the next step by investing out of state where properties are more affordable. I'm trying to decide on a market but also on the best strategy for me to scale my business by acquiring either SFH or small multi-family residential - duplex, triplex, or fourplex or 5 plus multifamily commercial. My goal is to buy and hold rental properties and in 5 years have the option to retire (if wanted) from my W2 job. Has anyone stepped through this that could recommend which is the best approach to scale at this early stage?

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