I would love to hear about the pros and cons of buying a single home versus multimillion
I would love to hear about the pros and cons of buying a single home versus multimillion
I would love to hear about the pros and cons of buying a single home versus multimillion
there is Connect to the system To post a comment.
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
Dalia, in my opinion there are no pros and cons to this very much depends on the deal.
We carry out individual home improvement and multi-family deals. Along the way, we look at dozens of deals that aren't really worthwhile.
As an entrepreneur, one of the big challenges is a proper analysis of the deal, if the numbers “make sense” and we have taken a large enough confidence factor and the deal is still worthwhile then we are worth investing in it.
On the other hand, when it comes to renting, I prefer multi-family, so the risk level is lower when there are several units leased versus a single house whose entire income depends on one tenant.
Eventually buying a deal starts with the goal you want to get into a deal.
Once you purchase a private home, you set one of 2 goals - flip or improvement
And here is the short or long term of a fixed-rate transaction.
On the other hand, investing in multi-family usually embodies a rental deal
And sometimes, depending on the deal, the property's improvement and sale will depend on it two years later.
Which embodies it, low yield initially, improved yield later (after renovating and raising monthly rentals) and selling after two / three years with relevant capital gain.
Each transaction has to define the purpose of the transaction and the personal goals at the liquidity level.
On our part, we have made a number of transactions of all kinds
1. Rent a private home
2. A home improvement deal
3. Multi-family deal for long-term return (which does not necessarily include improvement)
4. “Short-term” multi-family transaction (3 years) in which they improve with a clear goal of selling the property at a capital gain after the improvement period.
Multi purchase yourself or through a group