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Differences Between Investing in Single and Multi-Family Homes
You are considering making a real estate investment and are looking at both Single and Multi family homes. The differences between the two are major and ultimately what is right for you will depend on your circumstances and goals. Here we set out the differences and how they can affect your purchase.
The basics difference is that with a single family investment have one set of tenants and with a multi family you have, yep you guessed it, more than one sets of tenants. The differences that this will have to you can be enormous. Here are a few of the most pertinent,
Maintenance: Single Family homes obviously have less to go wrong with them they will typically have just one heating system, one or two bathrooms ad one kitchen, with multi family homes all this can be multiplied by two, or four or however many units your complex has. When there is more to go wrong, Murphy’s Law says that it will, and putting it right can seriously affect your income.
Rental Voids: With Family Units it would be typical for you to have to find tenants one r perhaps twice a year whereas with Multi family units you may have ... more

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