The Benefits of Multifamily Real Estate
Investing in long-term rental properties can be a great way to build income quickly, if you know how to do it. It’s not a guarantee, and it does take diligence and hard work to build a portfolio of residential and commercial rental properties that can support you with its income. The key is finding ways to lower your risk while raising your return on each investment. Most of the time, for those focused on residential investments, this means dedicating a healthy portion of any given portfolio to multifamily real estate. How Multifamily Properties Lower Risk When you finance a single-family dwelling, your entire income for the property goes away whenever you’re in-between clients. That means you’re out of pocket for any loan payments during the months it takes to turn and fill a property, as well as the utilities and any turnover costs for repairs, improvements, and marketing. When you buy duplexes or even larger properties like apartment buildings, the cost doesn’...