It’s Easier Than You Think!
Multifamily home ownership can be a great option for first-time investors. Owning a home with more than one family unit is also less complicated than investing in retail, hotels/Airbnb, office space, and other options. It’s a great way to get started with commercial real estate investing.
You Can Live There & Make $$$
Consider purchasing a multi-family property where you live on-site. This is an enormous advantage and convenience because you will be able to manage from home, all while still collecting income. If you are self-managing the units, you also save big by avoiding property management fees. Owner-occupied is a great stepping stone towards larger investments with less risk.
Tax Benefits + Other Savings
Owner-occupied properties may actually qualify for lower interest rates and better financing options! There are some pretty great options available to multi-family home buyers today, and this just adds to the benefits. Also, multi-family properties come with some tax benefits. Not to mention deductible expenses that relate to the properties that you do not occupy.
