What is a Multi-family and its Benefits?

modern building against sky

REI Marketing Resources

In this article:

Why Multi-families are worth it

Multifamily Properties, Can Help You Earn Multiple Sources Of Income!

Multi-family properties can be hard to come by, especially in a competitive market such as a big city or an affluent town. This just goes to show how great they can be, and for so many reasons too.

A multi-family house is a single building set up to allow multiple families living in it separately, easily giving you multiple chances to generate rental income. Additionally you can buy a multifamily to live in as your primary place of residence while renting out the other units to help pay the mortgage payments. A lot of people who invest in real estate often get started with multi-families. Living in one unit while renting out the second or even third. Very quickly see the value in having the supplemental income. Even if they decide to move out one day, they often keep the multi-family as an income property renting out both units covering the mortgage. The other great thing about a multifamily is often when you purchase it you can use the estimated rental income of the smaller unit as income for when you apply for loans.

Rental Cash Flow

A case can be made for purchasing a multi-family even if the rent just covers the mortgage and you don’t have an additional cash flow from the property. Some people may argue, “What’s the point if you are just covering the mortgage and not generating any additional cash flow?” The thing to remember is you are generating equating within the property and its being paid for by the renters. If one day you need the money you can always sell the property getting the value that was paid into it by all your renters.

There is so much that can be done with multi-family properties. Let us know if you are interested and OPENHOUSEit will help you strategize your next moves!

Table of Contents

Put your REI Leads on Autopilot

500 Leads

Get a targeted Real Estate Investor lead list used for direct mail, cold calling, email marketing, and other direct marketing channels. You will be receiving a target Real Estate Investor Lead List focused on your

Real Estate Investor Lead List

Get a targeted Real Estate Investor lead lists used for direct mail, ringless voicemail, text messaging, cold calling, email marketing, and other direct marketing channels. Lead lists are delivered to you via email in a .CSV Excel sheet within 24 hours of payment.

other Resources

person writing on notebook
What to expect when marketing directly to sellers.

What to expect when marketing directly to sellers Expect competition. Be consistent. Don’t give up early. Conversion = timing + opportunity. You’ll deal with angry and upset people, sad people, desperate people, and everything in

man shaking hands with a realtor
The Value Of Land

Lot & Land Basics (So Much Potential!) Lots and vacant land can actually be a lot easier to develop than it would seem as a first time investor. The main things to know are what

Schedule Your Lead List Creation

Put your leadS on autopilot
0
    0
    Your Cart
    Your cart is emptyReturn to Leads Shop