Buying a multi-family home is a great investment for many people who are looking to invest the capital that they on on deck. In stead of keeping money in the bank, people can park their money into a home that is going to generate them some great income over time. Also, while doing this, home values tend to rise and as a result, you are able to generate cash flow while increasing equity in a multifamily house.
- Taking out a mortgage is an absolutely massive decision for anyone out there.
- When deciding to buy a multifamily home, look at the area around and see if property value can rise.
- Buying a multifamily can be an incredible investment vehicle that can be used to build long term wealth.
“The one downside is having to deal with uncertainty over whether the seller can, and will, hold up their end — and the uncertainty of where the market will be when it comes time to refinance.”