• Why You Should Be Investing in Multi-Family Homes in 2020 Why You Should Be Investing in Multi-Family Homes in 2020

    1 comment / Posted on by Rosemary Rivera

    Why You Should Be Investing in Multi-Family Homes in 2020

    Multi family homes proved to be quite the investment in 2019, and this trend is continuing into the new year. If you’ve been hearing a lot of buzz around investing in multi family homes, it’s all for good reason. Any investor looking for some serious cash flow and a more diversified portfolio in 2020 will definitely find these as a multi family real estate investor.

    Why Investing in Multi Family Real Estate Has It's Benefits

    Over the years, experts have promoted multi family investing as the best way to invest money. Now it might not be the right strategy for just anyone, but the fact still remains- investing in multi family homes definitely has its benefits. Here are a couple.

    Growing Your Investment Portfolio

    The best investment property for your portfolio is one that generates bigger returns faster. Multi family homes are the best type of income properties for building wealth. For instance, investing in a duplex or triplex is much quicker than going with a single family rental in which you would have to allocate your time and energy for each separate unit.

    Financing

    Investing in multi family homes may require a larger start-up capital, but getting approved for mortgage loans is actually much easier for commercial multi family properties. Lenders are more comfortable approving loans for a multi-unit property, in which there will be multiple tenants. This is because multi family housing lessens the dependency of cash flow on just one tenant. There’s just less risk involved from a lender’s point of view.

    ...

    Multi family homes proved to be quite the investment in 2019, and this trend is continuing into the new year. If you’ve been hearing a lot of buzz around investing in multi family homes, it’s all for good reason. Any investor looking for some serious cash flow and a more diversified portfolio in 2020 will definitely find these as a multi family real estate investor.

    Why Investing in Multi Family Real Estate Has It's Benefits

    Over the years, experts have promoted multi family investing as the best way to invest money. Now it might not be the right strategy for just anyone, but the fact still remains- investing in multi family homes definitely has its benefits. Here are a couple.

    Growing Your Investment Portfolio

    The best investment property for your portfolio is one that generates bigger returns faster. Multi family homes are the best type of income properties for building wealth. For instance, investing in a duplex or triplex is much quicker than going with a single family rental in which you would have to allocate your time and energy for each separate unit.

    Financing

    Investing in multi family homes may require a larger start-up capital, but getting approved for mortgage loans is actually much easier for commercial multi family properties. Lenders are more comfortable approving loans for a multi-unit property, in which there will be multiple tenants. This is because multi family housing lessens the dependency of cash flow on just one tenant. There’s just less risk involved from a lender’s point of view.

    ...

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  • Tips for First-Time Landlords Tips for First-Time Landlords

    0 comments / Posted on by Steven Rivera

    Tips for First-Time Landlords

    Hello to all you first time landlords!  We have comprised our top 8 tips for new landlords and our hope is that this article will educate you so that you don’t make the same common mistakes that most new landlords make.

    1. Make Rent the Priority

    Rent is your revenue. It’s amazing how many landlords are not aggressive in pursuing rent and late charges. It’s sometimes a good idea to work with people who generally need help … if they communicate with you.  But if your tenants just stop paying rent and ignoring your calls or texts, you need to start eviction proceedings. Otherwise, your tenant could be six months behind on rent before you know it, which makes this probably the most important of all the landlord tips.

    2. Partner With The Right Investor

    We have amazing business partners who are completely honest and transparent, two qualities that are absolutely critical when choosing your business partners. For some reason, some new landlords are very willing to partner with somebody they barely know just because a deal looks good. This is usually a mistake.
    The first time we invested, we chose a business partner who we have known for over ten years and this is why we felt comfortable doing a business transaction together. We are not saying that you need to know someone for that long period of time but what we are saying is that you definitely need to do your due diligence before investing with someone for the first time...

    Hello to all you first time landlords!  We have comprised our top 8 tips for new landlords and our hope is that this article will educate you so that you don’t make the same common mistakes that most new landlords make.

    1. Make Rent the Priority

    Rent is your revenue. It’s amazing how many landlords are not aggressive in pursuing rent and late charges. It’s sometimes a good idea to work with people who generally need help … if they communicate with you.  But if your tenants just stop paying rent and ignoring your calls or texts, you need to start eviction proceedings. Otherwise, your tenant could be six months behind on rent before you know it, which makes this probably the most important of all the landlord tips.

    2. Partner With The Right Investor

    We have amazing business partners who are completely honest and transparent, two qualities that are absolutely critical when choosing your business partners. For some reason, some new landlords are very willing to partner with somebody they barely know just because a deal looks good. This is usually a mistake.
    The first time we invested, we chose a business partner who we have known for over ten years and this is why we felt comfortable doing a business transaction together. We are not saying that you need to know someone for that long period of time but what we are saying is that you definitely need to do your due diligence before investing with someone for the first time...

    Read more