My Realty Gains
To help those who have not started investing in real estate and would like to learn more, we share 6 tips on why investing in multifamily housing is smart for you but also for your pockets.
Investing in multi-family housing allows you to change lives
When a sponsor and investor see the potential in these properties, yes, they may require more work; however, the payoff is so much greater than increase income for investors, it helps contribute back to the cycle of the economy. A thriving economy means a thriving rental property for you.
Multi-family properties hold their value over time
The maintenance of properties is essential in ensuring the property retains its worth over time. Minor repairs should not be ignored so that they become larger problems and ensure that tenants are respectful and responsible.
Providing housing = tax break.
When it comes to investing in multifamily properties, it is important to have a seasoned and knowledgeable CFO (chief financial officer) or CPA (certified public accountant). Having the right knowledgeable people on your side can ensure that you get the most in grants and deductions by the government. If you are lucky, you may benefit from investing with a zero-property taxation.
Increased Cash flow with Multifamily Investing
Having an on-site laundry facility with coin-operated machines can benefit tenants and units who may not have direct access to laundry facilities. Sometimes it makes it easier for tenants to pay to use a laundry machine on site than not.
These small conveniences can result in inconveniences that tenants are willing to pay extra for.
Multifamily easier than Single family housing
The small changes and investments you do to the property will show tenants that they can expect their homes to be well-maintained and taken care of. Revitalizing and ensuring the landscape doesn’t overgrow or that graffiti’s and broken windows are addressed will only add to the value home and property.
One roof with multiple properties = Easy Management
Learn how investing in multifamily properties is a better real estate investment than single-family homes today. Check out our videos page under learn and see all the resources available.
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