Are you tired of the limitations of single-family real estate investments? Although they are a popular investment asset due to their simplicity and prevalence, there may come a time when you need to think outside the box to achieve your financial goals.
Perhaps you’ve reached the maximum number of single-family homes you can own and manage independently, or your portfolio isn’t generating enough cash flow to support your lifestyle. If you’re interested in generating more income in less time, it may be time to consider multifamily assets.
Owning multifamily real estate has several benefits and drawbacks, but one significant advantage is the ability to manage the property’s value. As commercial property is valued based on its income, your rental income is directly tied to the property’s value.
So, how can you shift from single-family to multifamily properties? You could purchase a small multifamily property independently, but being a landlord comes with its own set of challenges. Alternatively, you could invest in a group and own a small portion of a larger multifamily property, allowing you to reap the financial benefits without sacrificing your time.
Group real estate investing offers several advantages, including cheaper down payments and shared expenses with other investors. It’s a great way to enter the real estate market while diversifying away from stock market investing. You don’t need to be an expert; all you need to do is understand the benefits and how they can help you get started in the industry.
Trying something new can be intimidating, but it doesn’t have to be if you have the right resources and support.
To Your Success,
STSM