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Read more...Plenty has been written about the investment potential of single family homes, but what about the potential of multifamily properties? Is it wise to go for duplexes, quadruplexes and buildings with bigger apartments or is it better to buy ‘small’ housing units? National Realty Investment Advisors, LLC is here to explain the long-term investment potential for multifamily real estate along with its biggest challenges.
Pros of Multifamily Real Estate Investments
Lower rents
It is a widely accepted fact that rents are lower in multifamily units, and hence favored by tenants as compared to single-family homes. This means a bigger percentage of people will be interested to live in your investment property. So, even if a tenant decides to leave, you will find the next rather quickly.
More negotiating power
Buying a small piece of property doesn’t give you much negotiating power. However, if you are investing in a big real estate project, then there are strong possibilities you can receive a discount. Hence, if you are planning to invest in multiple single-family homes, think about owning just one multifamily unit in a brilliant location.
Multiple rent sources
With multifamily residential, you have multiple sources of rental income. There is only one in case of single rental property. This means you will have to do without any rental income if a tenant cannot be found. In short, risk of zero income is far less if you buy a multifamily building.
Convenience
Managing a multi-dwelling unit is easier as compared to managing multiple independent homes in different locations. The reason is pretty clear, tenant conflicts and maintenance will be restricted to only one location.
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Adam Seth works as Senior Property Investment Advisor at National Realty Investment Advisors, LLC. He has helped hundreds of families and investors in owning luxury investment town-homes at small one-time investment.
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