Most investors understand the benefit of a quality rental property. However, as popular as single-family rentals are there is always hesitation making the leap to multifamily rentals. The reality is that in many ways multifamily properties are much safer and offer a higher return than a single-family property. Furthermore, with additional rents coming in there is the opportunity for surplus cash flow as well as higher long-term appreciation potential. Regardless of how you invest or what your niche is, you should consider adding a multifamily rental to your portfolio. Not only will you reap the benefits today, but you will see the impact years down the road. Here are five reasons you should be investing in multifamily rentals.
One quality three family property is often easier to manage and has more upside than three individual single-family properties. If you have yet to make the plunge to multifamily properties, the time to start looking is now.