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

Рет қаралды 5,188

Күн бұрын

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: coachcarson.com/rpm-YT
🎙️ Episode 350 - Coach & Erion compare the pros and cons of single family properties vs. multi-family properties. We unpack the entry costs, financing options, and operational efficiencies for both property types, helping you choose a path that aligns with YOUR long-term goals.
📄 Show Notes:
www.coachcarson.com/singlefam...
▶️ Next Video: This is my Ideal Rental Property
• This is my Ideal Renta...
🎬 Topics Covered:
00:00 - Single Family vs. Multi Family
01:07 - Advantages of Single Family Properties
09:48 - Disadvantages of Single Family Properties
15:09 - Advantage of Small Multi-Family Properties
22:21 - Disadvantage of Small Mutli-Family Properties
23:50 - Large Multi-Family Properties
37:54 - Where to Find Erion
38:11 - My criteria for the ideal rental property
🔗 Connect with Erion:
Twitter: x.com/investarchitect
Website: www.signaturehouston.com/
LinkedIn: / erionshehaj
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Пікірлер: 52

@MonteMitchell 23 күн бұрын

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.

@CoachChadCarson 23 күн бұрын

Interesting. Thanks for sharing. Did you sell your single family houses to buy the 3 multifamily?

@MonteMitchell 22 күн бұрын

@@CoachChadCarson No, I still have all my SFH’s. In addition, I have 2 duplexes & 1 fourplex. I want 3 more fourplex units.

@noahcash 21 күн бұрын

What markets ?

@AndrewAllenHomeExpert 21 күн бұрын

🎉🎉🎉🎉

@jeffmack4561 21 күн бұрын

None because it’s a lie.

@AKZboy2 17 күн бұрын

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” ;)

@torsten6777 6 күн бұрын

Nice, a 19 year old contractor!!! Most young folks don’t want to do “real work” anymore these days. You will be doing very well!

@rickertpropertygroup 22 күн бұрын

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

@CoachChadCarson 21 күн бұрын

Thanks for watching!

@Kayelle321 23 күн бұрын

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

@circuitcontroloscar 15 күн бұрын

Thank you Coach Carson This is a great analysis.

@jeffmack4561 21 күн бұрын

Nice video. Thanks.

@CoachChadCarson 21 күн бұрын

Thank you too!

@torsten6777 6 күн бұрын

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.

@nancyguzman7887 22 күн бұрын

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!

@ShameenYakubu 9 күн бұрын

Great guest. Good stuff

@priceandpride 6 күн бұрын

Love. These casual conversations!

@CoachChadCarson 6 күн бұрын

Thanks for watching!

@TheZeedler 7 күн бұрын

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.

@Nostra.Ferratu 23 күн бұрын

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.

@CoachChadCarson 23 күн бұрын

I like that strategy!

@bbq8282 23 күн бұрын

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

@CoachChadCarson 23 күн бұрын

Bold! Congrats!

@bradmarchant7822 19 күн бұрын

Just dipping your toe, eh???

@bbq8282 19 күн бұрын

Pretty much and never look back. Accumulating more than 100+ doors now and accidentally following the food step of Michael Z (one rental at a time)

@jldsystemsltd.4657 22 күн бұрын

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

@jldsystemsltd.4657 22 күн бұрын

Two tenants were there when we bought the building in 2017. The other inherited tenants ended up being evicted. Definitely our best property. It was intentional build 4-unit, nicer suburban neighborhood.

@TropicTrdr 22 күн бұрын

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!

@CoachChadCarson 22 күн бұрын

I love that idea! Good luck. And thank you for your service.

@rickertpropertygroup 22 күн бұрын

I'm a Vet too, and an investor, broker as well. Thanks for your service. VA loans are wonderful and if service connected, additional doors open. Good luck from this 64 year old! Mark

@TropicTrdr 21 күн бұрын

@@CoachChadCarson What is your opinion on on the Build to Rent sector, not in the context of institutional investors or builders to hold but to individuals like me who would buy and hack? I don't see duplexes marketed. Something for a future discussion?

@CoachChadCarson 21 күн бұрын

@@TropicTrdr i love the idea! The key is finding reliable builders who are selling to investors. You can sometimes find this through turnkey providers, investor friendly brokers, or networks of investors like Kathy Fetke's Real Wealth Network. Many builders today are also offering interest rate buy downs which can give you a 5% interest loan instead of 8% . I have an episode coming soon with a lady who bought a duplex like this in Texas

@TropicTrdr 20 күн бұрын

@@CoachChadCarson This crossed my mind after encountering small multi family properties where the property would not pass a VA appraisal nor would the seller bring it in compliance or accept the terms of the loan. Have a great weekend.

@griffinhahn7400 23 күн бұрын

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

@CoachChadCarson 23 күн бұрын

I don't know of any 5% loans that prohibit you from renting extra bedrooms. Should be fine. But you can also ask your lender to be sure

@julieburkhardt61 18 күн бұрын

you can rent to anyone you want!

@griffinhahn7400 18 күн бұрын

@@julieburkhardt61thank you I figured

@griffinhahn7400 18 күн бұрын

@@CoachChadCarsonthank you!

@julieburkhardt61 18 күн бұрын

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

@torsten6777 6 күн бұрын

$250k/unit, how much could they rent for?

@FinancialFIRE-Fighter 18 күн бұрын

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

@markslayton5042 16 күн бұрын

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.

@torsten6777 6 күн бұрын

None of my multi family insurances went up over the last few years, so I guess it’s a location issue. Maybe they increased a few percent, but nothing that I noticed

@sfresh92 Күн бұрын

What neighborhood?

@markslayton5042 Күн бұрын

@@sfresh92 Bremerton, WA, near the Puget Sound Naval Shipyard.

@monkmysterio 22 күн бұрын

22:08: If only we could "cancel" zoning and build tiny homes on our empty front lawns too lol...Since zoning first took root in the early twentieth century, it has invariably been used to enforce and perpetuate a uniquely American form of apartheid, shrouded in a fog of planning jargon and obtuse codes. While you will find no mention of race or class in your contemporary local zoning ordinances, the open pursuit of American apartheid forms the basis of many zoning codes still in effect today. Yes, the courts clamped down on de jure racial zoning in 1917, but court approval of economic zoning in 1926 would pave the way for de facto racial segregation…cities were quick to bring in renowned zoning framers who could provide legal cover for the same old exclusionary zoning codes.