What to do... - Posted by chris

Posted by Trevor on March 01, 2002 at 14:39:40:

Definitely Single Family Homes! For a few reasons:

  1. More on the market, easier to find the deals and you can afford to wait for the deal that works for you.
  2. Less maintenance involved (property and tenants)
  3. SFH’s are easier to sell (Your back-out plan.)
  4. Get the SFH experience before moving on to multi-unit buildings.

What to do… - Posted by chris

Posted by chris on February 28, 2002 at 20:50:47:

I have been fortunate enough to take over a family home in the Northern California way before the market surge of '97. I am renting the place out for $1000 positive, but would like to expand my real estate portfolio. I have around $250,000 equity built up right now and would like to take some or all of it out (either through a second or Refi), but haven’t decided what to do with the money. I am hesitant on taking all of it out because of the positive cash flow, but would really like to start building now. Since I am still learning how to invest in RE, would it be better for me to start out purchasing Single Family homes or go for the big sha-bang and start looking at apartment complexes?

Any suggestion would be appreciated.