It’s time for multifamily properties. In a multifamily property, one of the things you have to keep in mind is you're typically sharing walls with other people. Now this is any unit or any building that has multiple units to house multiple different residents.
The beauty of multifamily property is that investors love them. They are a great way to typically be very profitable. But there are different things to consider and different things that are going to make the difference whether or not a multi family property is a good or bad investment.
Things like:
The condition of the property is that the maintenance expenses are very high.
The location, like maybe the rent roles, are a little bit limited because of where they are or they are not very close to many of the city's amenities.
But it is a great way to look at the numbers and look at stretching your investment dollars when the time comes. So it is a good future real estate investment. Hope this helps.
