You, yourself, know many of the wealthiest men and women in our country either initially grew their wealth in real estate or chose to grow what they’ve accumulated through real estate. You’re no different from them! You can do the same thing.
Keep in mind, this is not a get-rich-quick plan! Who believes they can do that, anyway? And there are many ways of investing in the real estate market that will help you build a great little nest egg. But this is a safe way of building your wealth over time while investing in the real estate market. Over time, all the ups and downs of the market are equalized, so real estate is a relatively safe investment and earns you a much higher yield than hiding your money under your mattress or using a savings account!
Where should I start?
My best advice is to begin with your own personal property. Buy yourself a home and build equity for YOU not your landlord. That equity will help you when it’s time to invest in your first non-owner-occupied property.
Multi-Family residential properties, of course! If you want to build a real estate portfolio without the stress and risk involved with flipping, this is the way to go! It’s perfect for most buy-and-hold investors.
What is THAT? I don’t want to buy an apartment complex!
No, it’s not an apartment complex. A multi-family residential property is one that has four or fewer units; think duplex, triplex, and quads. That’s much better, isn’t it?
Why would I choose that type of property?
There are a few reasons to invest in multi-family residentials. My favorite of course is the fact you’ll get it financed as a residential property, not a commercial property (lower interest rates)! But, listen closely to this, many lenders will use a large percentage of your projected rent income to help you qualify for the mortgage! How awesome is that?! You’re maximizing on your investment BEFORE you’ve even signed the paperwork!
There are other reasons: having all your tenants in one location eases your burden when problems arise; potential for a lower vacancy rate; your ability to renovate one when it’s empty to raise the rent while the other(s) have tenants in place.
I’m convinced! Now what?
Contact me! I can help you do this! You can also check out my current, constantly-updated list of available multi-family residential properties that are actively for sale on the market in Georgia from my website: http://bit.ly/PamBlackMultiFamily The page may require you to hit the reload button once you get there, but reload it and you’ll find a plethora of properties that meet all kinds of investor criteria. You’ll see some in need of total repair, others that are perfect and fully occupied, and everything in between.
When you’re ready to take your financial future to the next level with real estate, reach out to me. I’m here to help you meet your goals.