Re: Anyone in the rental property game?
i own several units.
multiunits cash flow much faster but hardly ever appreciate. single family houses take longer to cash flow but appreciate faster.
you make your money off the appreciation. go single family. i hate the duplex i own. i havent raised the rent on the duplex in 3 years and it's worth the same amt. the single family barely covered costs when i first bought it. now i cash flow more than the duplex on it after 2 years and it's appreciated beyond what i had hoped.
when i weigh all the factors of looking at making $100 or $300 a month on rent from each unit, that's nothing in comparision to the $40,000 in apprecation the single family house has seen in two years.
my recommendation, dont get sucked into the quick cash flow and forego where the real money is.
bwana
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