Buying Multi-families is a limited risk with a limited downside
Wow!!! What an ideal time to buy investment property. Interest rates are low. Many people are in a mindset to rent instead of own. Our population is growing and real estate development has slowed down.
Have you thought about a multi-family investment as an owner occupant or an investor? How about buying one with one of your children who is just starting out? Just by holding onto a property and letting your tenants pay off the debt is a motivating reason (even if there is no immediate cash flow). Multi-family buildings serve a basic need for those who cannot afford to buy or do not wish to buy and thus are a limited risk.
The downside is that being a landlord can be difficult but you can hire a professional management company to do this for you.
Buying multi-family properties can be a way to diversify your investments and meet an increasing consumer demand.
Call Barbara Heise, KW, 314-677-6046, to talk about some of the opportunities available to you if you would like to venture into this type of investment.
Mable and her husband bought this 2 family in University City 19 years ago. They bought it for $75,000, had a positive cash flow for 19 years and just sold it for $190,000. They opted to keep the rents low and had only 2 tenant changeovers in the years they owned it (1 per side).