What's better as a real estate investment? A single family house or a multifamily property?

I'm going to share my thoughts on what I do in this episode of Ask Coach, and we're getting

started right now.

Hey there. My name is Chad Carson. You can call me Coach Carson. And this show is all about

investing in real estate, achieving financial independence, and doing more of what matters. In just a

moment, I'm going to take you to a clip from a recent live stream. And I got a really simple question,

but an important question. What's better? Single-family house investing

or multifamily house investing? Now, multi-families are, of course, apartment buildings. You can be

small or large. And of course, there's some nuance to this answer. There's no exact right or wrong.

But if you want to share my approach and why I've sort of tilted more towards multifamily house investing lately,

although I really like single family as well. So I'm going to share the pluses and minuses

and my approach to that. Let's get started on that right now. So in my case, my little niche,

I'm in a college town and I buy single family houses. I buy small multi-unit properties.

And I've gotten into a little bit bigger multi-unit, but I'm still, you know, it might be like a 12-unit building or a 20-unit building or maybe one property that has five duplexes on it, so 10 units. So that's a small multi-unit is kind of my niche, although, you know, I'm not opposed to a bigger building. It's just, it has to make sense. And I'm not interested in buying, you know, $5 million or $10 million building because that require too much capital and too much borrowing money or raising partners. So we try to stay in that kind of a price range where we can still make good money. I like multi-unit a lot because there's a lot of ways to add value and increase the value of a property by increasing the rent or decreasing the expenses. So we've had good success with that. Single family is more, it's kind of like your blue chip stocks. You know, it's not going to be, you're not going to get a screamer of a deal on a rental property for single family. And you're probably not going to make a lot of cash flow on single family in a good location until you pay it off or until you give it five to 10 years to appreciate. So single family is kind of like your steady stock, you know, blue chip stock that's going to get a lot better over time if it's in a good location, but it's not going to make you rich today. Like single family houses are good for like buying and selling for, you know, doing a short-term hold where you hold it for a couple years, buy it at a discount, then sell it and then do it, turn that money, turn that equity and put it into your next deal. That's what a single family house is good for. Multi-unit can be both, you know, you could flip multi-unit deals by buying them low, fixing them up, turning around selling them,

but you could also turn those into buy and hold deals.

And so we've mainly been buying and holding our multi-units for now,

although we have some exit strategies that we're thinking about to down the road on some of those properties.

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