#350: Single Family vs. Multi Family – Which Should You Invest In?
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 1 July 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
🎙️ Episode 350 – Coach and Erion compare the pros and cons of Single Family properties versus 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.
▶️ Next Episode:
This is my Ideal Rental Property
📄 Show Notes:
https://www.coachcarson.com/singlefamilyvsmultifamily/
🎬 Timestamps:
00:00 - Single Family vs. Multi-Family
01:07 - Advantages of Single Family Properties
09:48 - Disadvantages of Single Family Properties
15:15 - Advantage of Small Multi-Family Properties
22:26 - Disadvantage of Small Multi-Family Properties
24:01 - Large Multi-Family Properties
38:15 - Where to Find Erion
🔗 Connect with Erion:
• Twitter: https://x.com/investarchitect
• Website: https://www.signaturehouston.com/
• LinkedIn: https://www.linkedin.com/in/erionshehaj/
--------------------------
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Transcript
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| 0:00.0 | So you're at a crossroads as a real estate investor. |
| 0:02.4 | Should you own single family or multifamily rental properties? |
| 0:05.9 | Which is going to make you more wealth and cash flow? |
| 0:08.2 | And which is easier to own? |
| 0:10.3 | Well, those are the questions we're going to tackle in this edition of Ask Coach. |
| 0:12.9 | And we're getting started right now. |
| 0:37.9 | Welcome to the podcast, Real Estate Investing with Coach Carson. I'm your host Chad Carson. You can also call me Coach Carson, and this is a show to help you get out of the financial grind so you can spend your time doing more of what matters. Today's question for Ask Coach was inspired by many discussions I've seen in the YouTube comments and also in my private community, Rental Property Mastery. If you haven't heard of Rental Property |
| 0:42.1 | Mastery, it's the place where I coach and help small and mighty rental investors to acquire |
| 0:46.3 | more deals, raise more money, and turn their rentals into passive income so they can achieve |
| 0:50.9 | financial freedom. You can check it out or join at the link in the YouTube |
| 0:54.2 | in the podcast description below. To help me answer today's question, I brought on one of the smartest |
| 0:58.4 | real estate investors and professionals I know, Arion Shihai. He's from Houston, Texas, |
| 1:03.0 | and he's also known as the investing architect. Now let's get to our conversation. First, |
| 1:07.9 | let me start by going over the advantages of investing in single family |
| 1:11.2 | properties and then we can take them one at a time. I would say the biggest advantage of single |
| 1:16.5 | family properties is the lower entry cost and sort of the ease to get started. So when you invest |
| 1:23.6 | in a single family property, you can do so with 20% down if it's a pure investment, |
| 1:29.4 | or you can house hack it or turn your residences into rentals as you go. So that allows you to |
| 1:37.6 | acquire them with as little as zero to five percent down, depending on if you're doing FHA, VA, |
| 1:43.0 | or conventional mortgages. |
| 1:45.6 | So it's a very easy place to start because even if you're not a seasoned investor, most |
| 1:52.6 | people that are investing in single family, they've owned the home. |
... |
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