If you are looking to dive into the world of investing in Real Estate, there are some things to think about. There are different types of investment properties available. Rather you are looking for an investment in a residential home, commercial property, or maybe a triplet or duplex style property. There is something for you. I am going to discuss the investment into a duplex, triplex or fourplex.
In the current market, entering into rental ownership might give you the benefits of homeownership with the additional benefits of rental income, underneath just one mortgage. Some advantages to buying a multi-family property and living in it include:
Paying yourself rent
Have multiple units inside one mortgage
Create cash flow and live less expensively while tenant(s) pay the bills
Access to long term financing
However, a deal is not a deal!
If you decide to buy a property where no one wants to live or pay too much for the property you may not reap the benefits. But if you do some research, you. I gut find yourself a gem that can give you a continuous income stream. Most importantly, the property needs to be in an area YOU want to be in.
If you would like information in regards to the financial and lending options, I recommend consulting with your Agent/Realtor for the best options.
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