Every investment is risky, but multifamily property investments are considerably less risk in the grand scheme of things than other significant investments.
Multifamily properties are prevalent within the real estate industry and are among the cheapest and most affordable ways to own property. These properties often have two or more units under the same roof (Duplex or apartment building) and ensure a low vacancy rate due to the high demand.
If you are not currently investing in multifamily properties, now is your chance! The National Real Estate Investor’s sentiment survey released last month ranks multifamily as the most attractive commercial real estate investment type. We believe these properties will be quality investments for years to come, and here are our top 6 reasons why.
1. Affordable Acquisition Cost
Based on a per-unit basis, multifamily properties are much more affordable than other real estate properties. They require much fewer upfront costs, and if needed, you can receive a mortgage loan at a low rate. These multifamily properties are great ways to get your feet wet in the real estate industry due to the low entry cost.
2. Less Risk
Every investment is risky, but multifamily property investments are considerably less risk in the grand scheme of things than other significant investments. The two main reasons this is the case is