Yes, even playing Monopoly as a kid, I was enamoured with real estate. I guess many people are, whether they know it or not. That’s what made that game so popular over the years.
One of the questions that I get most often from budding rental property owners and newbie landlords is “what’s better– single family homes or multi-family buildings?” Now, just to be clear here, multi family buildings for a new investor generally means two (duplex), three(triplex) or four(fourplex) units. We’ll leave the 5+ unit apartment complexes up to investors who are looking to join the commercial property landlording arena.
The simple answer is, it depends. I know, not necessarily what you wanted to hear. In fact, you may be looking for my honest, unabashed opinion… which I WILL be more than happy to give. But, before I chime in and give you my personal opinions, I thought it might be interesting to hear what your fellow landlords think on this matter.
So, I’ll follow up on this post in a couple of days. But, in the mean time, if you own rental properties, post a comment using the “COMMENTS” link at the end of this post and let us know what you think… would you rather have four green houses or one red hotel?
-Steven A. Boorstein
Singles or Multi-families – that’s the question…