What’s the better investment, multifamily versus single family?
Well, there are a few key differences between investing in a multi-family property versus a single-family property.
The most obvious difference is that with a multi-family property, you are essentially investing in more than one home. This means that you will have more tenants and more potential for income. However, it also means that you will have more expenses, such as repairs and upkeep. Another key difference is that multi-family properties tend to appreciate at a higher rate than single-family properties. This is due to the fact that there is more demand for rental units, and thus, they are worth more in the long run.
However, it is important to understand the key differences between these two types of properties before making any decisions. Doing your research and speaking with a professional Real estate agent can help you make the best decision for your needs.