Single Fam or Apts?

Its easier to go from multi to multi or multi to single than single to multi

I would rather have 25 to 50 (and more) tenants under one roof than spread out all over town. Much easier to manage. This is just my opinion.

Michael Mangham
MD Home Acquisitions LLC

1st, Thank You for your service!

if multis is your thing,start w/duplex

since your in a military area,get some sfh for the enlisted near base

Maj Gen friend has purchased sfh in each area he has been stationed, rented them out to military personel for decades and will retire with 20+ houses in portfolio, paid for by fellow soldiers. He would buy cheaper homes in better neighboorhoods

multis can be purchased for lower prices per unit as opposed to sfh

I like wholesaling--the only rentals I deal with is oceanfront condos

anyone who doesn't like tenants should consider billboard signs or self storage

Think about it this way, real simple. Would you rather have 10 people paying your bills or would you rather have just one person paying them? HMMMMM?

By the way, I am former 18bravo......Jan

Its certainly more efficient to have more rentals on one property and under common roofs than to have every unit seperated. However there are many more considerations and factors than just one rule of thumb.

For one, your resources. Someone who only has the financial and financing capacity for a single home is likely wasting their time putting a larger apt project, or even a duplex, under contract.

Another issue is financing. Buying a rental home is easier than buying a 5plx on up as the category of financing changes from "residential" to "commercial" The requirements of commercial financing expand quite a bit from those of residential. Commercial financing gets into experience, entities, financial statements, accounting, etc.

Experience is a very large factor. I would hesitate to encourate a person with no experience, trying to get some, to buy a larger apt project until they have a little "landlording" under their belt. Much easier to deal with one tenant and get some experience than suddenly having many tenants to deal with. Its good to get a feel for things first. However, if an investors was teamed/partnered with a professiona, then that would make a difference.

Finally if things don't go well a SFH might be easier to bail out of than a larger project. Larger projects are more sensitive to issues than homes. Apt building's values are affected by each dollar mistake or problem in either income or expenses. A home has intrinsic value even when empty. Many homes are sold at full value empty...most apartment buildings would experience a massive drop in price if empty, even being unsaleable.

couple of my fiends are willing to chip in and come up with 250K to start rental business. I'm still waiting for my first deal. I felt some pressure but don't want to push the opportunity away. Whom can I turn to for advise or assist? I am signed up with SA.
Li