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7 Reasons to Invest In Multifamily
Are you considering investing in Multifamily? There are numerous benefits on why to invest. As a newer investor, consider why you want to invest in real estate:
Loan paydown (tenants build you equity). You are not paying the mortgage yourself! Over time, you are building wealth since you are paying down the loan. Keep in mind, when analyzing a rental property you also want to include vacancy so you can cover when you need to rent your units.
Cash Flow (Income- Expenses, passive income — IF you buy right!). You have control over your investment. Your job as an investor is to see if there is a value add in the property. Also are you able to decrease your expenses? Mass Save is a program offered in Massachusetts that will assist you in making your home energy efficient.
Appreciation potential- Can increase on par with inflation. The property can increase in value over time. I would not bank on speculation, but if it happens it is icing on the cake! You would not want to bank on appreciation, and your investment should cash flow before any appreciation.
Tax Benefits- Interest you pay on a mortgage, the expenses, the depreciation of the property, cost ... more
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