Single Family vs Multi Family Home Investing | The Pros and Cons
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The video discusses the pros and cons of investing in single-family versus multi-family real estate. Single-family properties offer liquidity and ease of selling, as well as potential for value appreciation over time. However, they can be difficult to scale and may have lower cash flow compared to multi-family properties. Multi-family properties offer economies of scale and potential for higher cash flow, but can be harder to manage and finance. The speaker has experience in both asset classes, owning six apartment complexes and 140 single-family rental properties.
The speaker recommends buying and holding onto real estate over a long period of time to create wealth. They suggest purchasing multi-family properties with rents below market rate, fixing them up, and raising rents in a tactical way to increase net income and decrease expenses. This can add massive value to the property and increase its value over time.
Overall, multi-family properties provide more control over the value of assets and are easier to scale than single-family properties. However, both asset classes have their own advantages and disadvantages, and the speaker believes in owning a mix of both. They also recommend checking out their video on how to buy, fix up, rent, and refinance a single-family rental property with none of your own money.
The video discusses the pros and cons of investing in single-family versus multi-family real estate.