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…