All Forum Posts by: Gladys Cepeda

Hi Stone, 

I take it you've never seen this old "I  Love Lucy" clip https://www.youtube.com/watch?v=iRwHr81DVxg

Your response wins!!! hahahaha

Hey Gladys,

Jumping into real estate investing is an exciting step, and it's awesome you're weighing your options carefully. Between multifamily units and single-family homes, the best choice really hinges on aligning with your financial goals and investment strategy.

Multifamily properties can be a great kickstart, offering the convenience of managing all your units in one location. This could mean a steadier income flow, especially since vacancies in one unit don't leave you without any income. Yet, the initial investment might be heftier, and the management could be more complex given you're dealing with more tenants under one roof.

On the other hand, single-family homes might spread out your risk and potentially cater to longer-term tenants, promising less frequent turnovers. Managing multiple properties does come with its own set of challenges, like juggling different maintenance issues, taxes, and possibly even varying market conditions if they're not all in the same area.

Here's where your financial goals come into play: Are you looking for a more hands-on investment with potentially higher cash flow from the get-go? A multifamily unit in Providence might be your answer. Or, do you prefer a more diversified approach, possibly aiming for long-term appreciation and stability? Then, several single-family homes could fit the bill.

Aiming for a cash-on-cash return of about 8% or higher is a solid baseline, but remember, this can fluctuate based on many factors including your specific market. Ultimately, the decision should mirror your financial ambitions, how actively you're looking to manage your portfolio, and your risk tolerance level.

Take some time to reflect on what you hope to achieve with this investment. Whether it's building wealth over time, generating immediate cash flow, or a mix of both, let your financial goals guide your choice.

All the best in making a decision that aligns with your vision for the future!

The best choice depends on your investment strategy, risk tolerance, and long-term objectives. Consider consulting with a real estate professional or financial advisor who can provide personalized guidance based on your specific situation and goals.

Hi Lisa, I am a licensed agent here in NC and I live directly in Fayetteville. I specialize in investment real estate and I'd love to connect!

Best of luck Troy! If you aren't already, listening to the Bigger Pockets podcast will give you some of the best advice out there, outside of speaking with experienced investors directly. Be sure to have a written business plan and run your comps through a reliable software program before placing an offer on a property to make sure the numbers match your goal for the investment.

@Matthew Dekker  that is a very broad question.  Philly can be a good market to get into because of the low barrier to entry price wise - but you can fall hard if you buy wrong... (and that is true anywhere of course). There is quite a bit to learn so I would say get moving - read, go to meetings, consider working with someone who can help you jump the learning curve, set meetings with potential team members. I run the Philadelphia Landlords Connect group and the range of challenges that investors face is significant. So the best first steps you can take is to educate yourself -- you need to know how to invest smartly AND how to be a landlord.

Hey Gladys is PA the only area you're interested?