Multi Family Apartments vs. Single Family Homes
In many parts of the country it costs the same to buy.
1. A Single family residence
2. A Two, Three or Four Unit Rental House.
Another Way to Look at it.
Pay 100% Cash for a Purchase or…
Put $60,000 Down on a property worth $600,000 for MUCH better Returns.
The noticeable advantage should immediately be that you can get 2, 3 or 4 x your rent rate. That means you have plenty of flexibility if one renter moves out. The Concept is that if you can do that with 2, 3, or 4 units, why can’t you do it with 10, 20, or 40+ units. This is where things start to look really good. While a larger project becomes more complicated and has more moving parts and pieces, its still roughly the same game plan.
1. Buy Low
2. Repair (if and when needed)
3. Hold for Monthly Cash flow
4. Pay down mortgage.
Many people have found this is the way to weather the economy as very few multi unit complexes are in foreclosure compared to the single family houses on the chopping block. This creates long term wealth and helps you see repeated gains over the years when managed correctly. After you get our free report, ask for a follow up meeting so we can discuss the successful projects we’ve completed.
