*Single-family vs. multifamily rental properties—which gets you to financial freedom faster?*
A rookie real estate investor is wondering what he should do for his *first rental property*. Multifamily rentals can help you scale faster and have more cash flow, but single-family rentals mean fewer tenants (and fewer headaches) with less management. *Dave and Henry have* invested in both and have *a clear answer for which is the winner*.
We’re back answering your questions from the *BiggerPockets Forums*. First, single-family vs. multifamily—if you’re starting in real estate right now, there’s one clear choice. Next, a young landlord just *inherited a tenant who’s paying 50% below-market rent*. Should he raise the rent and risk losing a 12-year tenant, or follow a *much more “reasonable” strategy to get them to stay and pay a fairer price*?
*BRRRRing vs. house-flipping*: let’s say you have $100,000 ready to invest, which option gives you a higher return? BRRRRing (buy, rehab, rent, refinance, repeat) means you’ll have a long-term rental after the rehab, but is a flip worth it for the instant payout? And finally, we do the thing you never expected BiggerPockets to do…*we tell someone not to house hack* (but here’s why).
00:00 Intro 01:35 Single-Family vs. Multifamily Rentals 07:36 Sponsor: REsimpli! 08:23 Tenant Paying SUPER Low Rent 17:37 BRRRR vs. House Flipping 22:15 DON’T House Hack? 27:32 See Us Live in Seattle!