Multi-family properties Archives

13

Jan

0 Comments

Real Estate InvestmentsMulti-family properties

Long Term Multi-Family Loans

Financing a duplex or multi-family home can be a smart way to build wealth. So, what’s the difference between a duplex, multifamily and commercial property? Duplex: Duplexes are multi-family homes with two units sharing the same building. You can receive a mortgage for a duplex through FHA. However, if you want a government loan like an FHA loan or through Fannie Mae, you will need to occupy one of those units. Multifamily unit: Homes with up to four units are considered residential for the purpose of financing. The multifamily mortgage loan requirements provide you with the same kind of options…

The Benefits of Multi-Family Properties

Whether you’re in the market for a new home for your family or looking to invest in real estate, buying a multi-family property could be the answer to your housing and financial needs. We’ll discuss some of the benefits of multi-family and how you can get started building a winning portfolio. What Is A Multi-Family Property? A multi-family home is a building that houses separate units where more than one family can reside. A multi-family home will have a designated kitchen and bathroom for each unit. Each unit will likely have a separate entrance, separate utility shut-off valves and utility…

Advantages of Multi-Family Properties (Part 2)

1. Scale faster Say you want to grow your real estate portfolio by 10 units. With single-family rental properties, you’d have to find 10 separate houses. That’s 10 different sellers, 10 different inspections, and potentially 10 different mortgages. Purchase a 10-unit apartment building, however, and just like that — you’re now the proud owner of 10 rental units. Lenders might want to take a closer look under your financial hood when you’re trying to close on an MFR, but it’s potentially a lot less hassle compared to investing in an equal number of SFR units. 2. Beneficial Economies of Scale…