Real estate investors often prefer to invest in single family homes because they feel a single family home holds its value, it can demand higher rent and they only have to deal with one tenant. A multi family home is a 2-4 family residence and there are advantages to owning this type of real estate that far outweigh single family rentals.
Multiple Income Streams
Multi family homes offer more than one income source with multiple tenants which provides some stability to the owner should one unit be vacant or one tenant defaults on their rent. With a single family home, if the property is vacant or the tenant does not pay, the owner is stuck handling the expenses on his own.
Cash Flow
Investing in a multi family is one of the most powerful real estate investment strategies that a person can use to create consistent cash flow each month. The rents that come in minus the expenses should provide a...Read More