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#582 - Single Family or Multi Family? Which is the Better Investment Choice for You?
Currently unavailable
#582 - Single Family or Multi Family? Which is the Better Investment Choice for You?
ratings:
Length:
27 minutes
Released:
Aug 22, 2017
Format:
Podcast episode
Description
We do monthly Real Wealth Network events and often times there are many new investors in the room. At every one of those events, someone asks me if we have multifamily properties available. I then ask that person if they are a new investor, and often times they are. I then ask why they want multifamily as their first investments. The answer is usually that they went to a class and learned about it. Mainly, that financing is easier to get on multifamily vs single family because the bank is qualifying the property not the person. They also say there's economies of scale because many units are under one roof vs spread out. And finally, they say the equity can increase dramatically when rents are raised. All of those things are correct, but let's look a little closer. My guest today has owned both single and multifamily properties. Today he's going to share which ones performed better over time, and you might be surprised at what you hear. Keith Weinhold is the founder of Get Rich Education and he's also a contributing Writer at the Rich Dad Advisors blog. He's been an active income property investor since 2002 and has authored the Amazon bestseller, 7 Money Myths That Are Killing Your Wealth Potential (2017). Get the show notes and find out more about our upcoming live events at: www.RealWealthShow.com
Released:
Aug 22, 2017
Format:
Podcast episode
Titles in the series (100)
7-Step Due Diligence Process on Syndications: These past few years, real estate media headlines have been filled with a word that is probably familiar to most investors: syndications, and its cousin, crowdfunding. While syndications have been around for decades, crowdfunding is a... by Real Wealth Show: Real Estate Investing Podcast