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Unavailable#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?

FromReal Wealth Show: Real Estate Investing Podcast


Currently unavailable

#582 - Single Family or Multi Family? Which is the Better Investment Choice for You?

FromReal Wealth Show: Real Estate Investing Podcast

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)

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Host Kathy Fettke is Co-CEO of Real Wealth Network and author of the best selling “Retire Rich with Rentals.” She launched this podcast in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. Learn how to build a portfolio outside the stock market with buy-and-hold strategies, single-family rentals, multi-family properties, syndicated deals, self-directed IRAs and 401ks, the highly-revered 1031 exchange, private money lending, creative financing, and much more!