Why Buy multifamily over single family
1 min readJun 21, 2019
- If you don’t own a home yet, this could a great starter home, you can live in 1 unit and rent the rest and use the rent to pay for mortgage.
- Pay overall less property taxes per unit as compared to single family homes.
- Reduced paper work as you pay only one property tax for multiple units.
- Easier to find loan if you can show the bank that some or all units leased before you buy it.
- Cheaper property management for 1 property compared to multiple single houses or units.
- Good investment for your money and considered better asset because even if housing market is down and the property might be partially rented or rented at lower rent, you still generate income from it.
