Is multifamily good for Those Starting?
For those that are looking to begin in the realm of investing, there is always that chance you may go with multifamily. Is it the right option for you? Well, there are some pros and cons to each, and this post will discuss some of the pros, and the cons of each of these as a first time investment. The biggest benefit actually is the cash flow. Since there are lots of units, you get a better cash flow. There isn’t necessarily a better ROI , but the cash flow works since you’ve got cash coming every single month. For a single family, you may not get as much. Then there is the fact that there is one lawn, one roof, one water heater of HVAC, and you don’t have to go to a bunch of places. In essence, everything is maintained, but if you’ve got a lot of single family homes, they can be scattered, and you’ll need to take care of more of them They’re also rarely vacant. While single family homes can be, multifamily rarely is ever fully vacant, so you’ve got better cash flow,