All Forum Posts by: Patricia Hinojos

@Patrick Reilley 

 - I really advise against multi-family properties for newbies unless you have some family history and background in RE.  You can really lose your a$% in real estate, and multi-family properties compound that potential.  A lot of people on here will tell you that they are "safer" because you have multiple units to cover for a vacancy.  But what they don't tell you is this - if you make a mistake, or something goes wrong with the economy in your town, or whatever, you can be eating negative cash-flow on all of those units - even when they are occupied.  Then, the real problem sets in.  How do you sell a loser property?  If it were a single-family, you could sell it to an owner-occupant.  Not the same with MF.  Just my 2-cents worth here from a guy that has been eating negative cash-flow for about 5 years now and who knows another guy who just about went bankrupt with his MF purchase.  Sure, there are good deals, and great properties.  Just don't get caught up in the lie/trap that MF is "safer".