Read on for our breakdown of multifamily homes, including how to find them in your area.
The most attractive part of investing in and renting out a multifamily home is the steady revenue stream you can get from collecting rent.
Multifamily home as an investment
Just like any new home, a multifamily home may be move-in ready, or it might be a serious fixer-upper.
Before buying a multifamily home, you should perform due diligence and assess just how much money you’ll need to put into sprucing up the units.
Susan Haas, a real estate agent at Joyner Fine Properties in Richmond, VA, suggests getting quotes from contractors on any work that’s needed before making an offer on a home.
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