Single Family vs. Multi Family – Which Should You Invest In?

I started with two duplexes. My only regret - I didn’t start with a fourplex!

Why not both 😊

Do the house hack every year to get the best rates as a primary. That could potentially get up to 40 units minus the one you live in. Keeping all financing conventional.

The first rental I jumped in was a 30 units apartment building back in 2015.😂

My first 10 properties were single family homes. If I could turn back time, my first 10 would be all fourplex units. Today I own 3 multi family & buying 5 more to hit my freedom number.

My question is 30 days out from closing a house that me and my buddy put 5 percent down on. We will be both living there and will be our primary residence. Can we legally rent out the other 2 rooms of the 3 bed 2 bath house to our friends or does it have to be 20 percent down to be able to rent out which we will start doing on our next property

We have a quadplex of 2 bedroom, 1 bath townhomes. Tenants 25 years, 10 years, 5 years and 2 years

Great video. I'm 68, still have my VA loan eligibility and now I'm thinking that I ought to put it to good use!

Excellent chat. When I see you and Erion, I make it a priority to watch. We have 2 duplexes and a SFH. Resting right now but if ever there was a good deal to buy a small multiplex (no more than a 4-plex) we would!

Great video Chad!! Thanks for all you do. Mark.

Nice video. Thanks.

theres a new build 16 unit (4 quads) for sale for 4M. idk how to get my hands on it!

There is no one way to do it. They all have their pros and cons

I’m 19; just purchased a 1bed, 1bath fourplex to house-hack. Fully rented and cash-flowing. It needs a lot of work and the purchase price reflected that. I am a contractor by trade and I’m willing for the headache so I guess that’s my “edge” ;)

Here is potentially a newer angle in the debate. Our duplex insurance with Liberty Mutual went from $1.4K annually in 2022, to $3k in 2023, and then $6k in 2024. The insurance agent said that the increased risk of multifamily rentals is driving the new rates. She went on to say that they wouldn’t even underwrite the duplex if we approached them today.

Thank you Coach Carson
This is a great analysis.

Great guest. Good stuff

I own 1 quad. Putting in an offer TODAY for my second fourplex. Like the first, this one will also be purchased with a live-in loan. <5% down. I like this strategy because the rents always cover the mortgage + repairs/management. I can't find any SFH that can do that or I would buy one. The fourplexes can be a headache but I have a GREAT property manager and that makes all the difference. I see lots of benefits to SFH but I don't want to self-manage and I don't want to walk into negative cash-flow. I want to at least break even and I want to do it with 5% down. Quads get the job done. Even in today's crazy market.

I have been doing this for 20+ years. Looking back, single family homes were not doing well, I started selling them now. Duplexes are ok, triplexes are better, but 4-plexes are by far the best investment for me. I also got the largest amount of cash-out refis on the 4-plexes.

Love. These casual conversations!

I enjoy the content but if you are going to have on somebody to add to your normal discussions please allow them to speak

Next investment will be a 4plex ! I aspire to have 5 4plexs

I've had a property for the last 10 years (I'm 29 now). I moved from Toronto to Montreal where the prices of condos are nearly HALF. I'm thinking of selling my condo, taking that 300k in equity, and using it to buy a condo in a good area within Montreal (with good equity growth). I think I could put 80-90% down on a brand new condo here. Is this wise?

My thought is, I'm essentially moving the equity from 1 condo to another, so not losing or gaining, BUT, I could immediately start cashflowing more than 1500$ a month, while also continuing to build equity.

Any comments are very welcomed!

If expenses cost 55% of your rent, you need to get out of rentals. That is nuts. No one estimates expenses that high. Your guest must have missspoken.

Coach - what’s a fair property manager fee? What exactly do you have your property managers handle and what do you handle? Appreciate your thoughts.

Erion is very good. I need more brain picking and insights from him

Would love you to do a video about how much cashflow you have per month from the properties and how you manage them? I own and manage 60 units with my husband. But it’s a full time job. I would love a detail video exactly how you manage your properties because yours seem more passive than mine.

Getting my second duplex in 5 days closing is close! These rates are hard to deal with though that's for sure