Papa always preached: " buy a two family or multi-family Home" In fact his first home was a 2 family home with a 2 car garage and a finished basement with serperate entrance.
Here are his reasons for buying a two family home:
Rent! That's right you will be getting money to help pay the loan.
Many 2 families home are about the same price or just a bit more than single family homes insome areas.
Build equity faster.
Fewer multi family homes in the market.
Helps you save money to put towards another property.
When you are ready for a new home, keep your multi family home as your investment property. Now you are getting multible rental payments.
Papa was right not only did my first property make me some money, but it also paid for a college education.
If your are interested in building your equity and would like more information on multi family homes in your area, give me a call or email me for a list of homes.
**ADDED BONUS...SALE ALSO INCLUDES BLOCK 71 LOT 30 WHICH IS APPX .50 ACRE** THIS RANCH HOME SITS ON BEAUTFIUL WOODED PROPERTY IN DESIREABLE LOCHSLEA HEIGHTS, ON LOVELY QUIET RESIDENTIAL STREET, MINUTES FROM ALL MAJOR HWYS & NYC TRANSPORTATION. FEATURES INCLUDE UPDATED KITCHEN & APPLCS, ANDERSEN WINDOWS THROUGHOUT, UPDATED MAIN BATH, HWBB HEAT, LR, DR, 3 BDRMS, 2 FULL BATHS, NEWER ROOF (4YEARS), UPDATED DECK, FULL WALK-OUT BASEMENT. READY FOR IMMEDIATE OCCUPANCY
Updated Colonial with fantastic location for NYC commuter. Short walk to Aberdeen train. 3 Bedrooms, 2 Baths, Eat-In-Kitchen, Wrap around porch, Deck. Nice backyard with pool, Storage shed, Fenced and Private! Plenty of room to park your vehicles and a quiet park across the street!
BEST BUY FOR A 4 BEDROOM COLONIAL WITH NEW ROOF, NEW HWH,NEWER FENCE CENTRAL AIR LARGE SUNNY ROOMS,& PRICED TO SELL! A LOT OF HOUSE FOR THE MONEY! NEAR BEACH & PUBLIC TRANSPORTATION. AHS POLICY TOO!
New Roof (10/1/08) On This Spacious Home. 1 Acre Lot In Rural Setting* Huge Mstr Bdrm W/Wood Floors, Recessed Lights, Lots Of Storage Space & Updated Full Bath* 2nd Bedroom Also Has Full Bath* Large LR/DR Combo For Entertaining* W/B Fireplace With Insert In Family Room Provides Plenty Of Warmth On Cold Nights* Central Air & Furnace Replaced In 2002, Hot Water Heater 2 Years Old* Close To I-195, Easy Access To Turnpike & Parkway* Near Six Flags Great Adventure For Kids/Outlet Stores For Shoppers*
4 bedrooms
3 baths
basement
1 acre
$340,000
Call or email for more info or to see the property