One of the most prominent multi-unit investing advantages is that the scale economies are in multi-apartment properties. For example, you have six single-family buildings; if something happens, you would have to change roofs for six single-family houses. If you have one six-family house, there’s only one roof. So, there’s much more economy.
Also, due to the greater cash drives, you may afford to hire management firms to administer the tenants.
Your paydays are much greater when you’re selling your property. This is due to the fact that a multi-unit complex costs more as compared to single-family homes, and as the result they get more money of appreciation. For instance, a $100,000 single-family building in market’s 10% appreciation will cost $110,000, but in the same time a $400,000 four-family house in this market will be worth $440,000. And this is $30,000 more in your bank account.
You’re probably familiar with some people that have earned big bucks investing in single-family properties. But if you think of all the real estate investors that became extraordinary rich, you’ll realize, they’ve achieved it through multi-unit investing.
Now you understand some of the advantages of multi-apartment investing. This is the real way you can earn big money, you can see it yourself. So, why do you need to wait? It’s all in your hands!