Multi-Family Properties

Nov 03 2008

Buying Multi Family Properties: Are You Ready to Be a Landlord?

Posted by: reipro, in Multi-Family Properties

If you’ve been thinking about buying multi-family properties as a part of your real estate investment strategy, one of the things that you’re going to want to keep in mind is that there are regulations relating to tenants and tenant rights. When you buy a multi-family property, you become a landlord right away - unless of course you have a close association with a real estate management company that will be able to handle the property for you.

In other words, when you’re planning to invest in multi-family properties, you’re not just going to think about financing, you’re also going to have to think about those who call the property home. You’ll need to keep track of different leases, rental payments, move-out dates and there are going to be tenants that you didn’t have the chance to screen.

For those who are thinking about buying their first multi-family properties, working with a mentor, doing some research into their local laws and know that there is a strong focus on setting the right plan into motion is essential. But then - don’t think it’s all bad; though there’s some stress, when you buy these properties you’ll also find that there’s instant cash flow coming back to you.

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Jun 26 2008

Buying Multi-Family Properties Can Be Extremely Rewarding

Posted by: reipro, in Multi-Family Properties

When you make the choice to get involved with real estate investment as a profession, one of the things that you’re going to discover is that there are a lot more options out there than just single family homes. When you buy multi-family properties, you’ll discover that some of these other options are extremely appealing.

Buying multi-family properties - say, apartment complexes with 5, 10 or 20 units or more - you will find that you are able to have immediate investment income. When you buy multi-family properties, you’ll become the one to whom rent is paid. Simply put, if you’re able to buy a multi-family property for $500,000 - $700,000, you’ll find that your loan payments are going to be at a certain level; chances are good that the amount you will be collecting in rent payments will be enough to repay the loan and put cash in your pocket.

When you’re buying multi-family properties, of course, there are still going to be some opportunities that are far better than others. You’ll still want to be sure that you’re making an effort to evaluate deals, look at your long term goals and your financing and to see whether or not the purchase is going to be beneficial to your business.

However, just as its the case that you’re going to find some great investments in general, there are plenty of rewards to reap when you buy multi-family properties.

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May 17 2008

Multi-Family Properties: Choosing Your Tenants

Posted by: reipro, in Multi-Family Properties

Not everyone who makes the choice to build a career as a real estate investor is going to be looking inti buying multi-family properties with the intention of renting those properties out. However, for those whose real estate investing plan includes just that - buying and managing multi-family properties - it’s important to know what you should be thinking about when it comes to choosing your tenants.

First, it’s always important to know the rules about housing opportunity in your area. In almost every area, when you are renting out to tenants in a multi-family property, it will be illegal to discriminate against those who are disabled or those who are members of a different race. However, keep in mind if you only have a third floor apartment for rent and the building does not have an elevator, there may be times in which a person isn’t the best candidate for tenancy.

Similarly, because you will be renting out homes in a multi-family property in order to benefit from rental income, it will be important to do a credit check on incoming tenants. It’s important to make sure, ultimately, that you are choosing those tenants who will be able to meet their financial obligations.

In other words, choosing tenants when you are renting out space in multi-family homes can sometimes require a balancing act: it’s essential that you are aware of the rules and laws in your area, but it’s also essential that you are able to look at the big picture and focus on reaching your financial goals.

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Feb 01 2008

Passive Income with Multifamily and without Raising Funds

Posted by: Michelle Odessey, in How To Buy Properties, Multi-Family Properties, Virtual Learning-Webinars & Teleconferences

With almost 1,000 people viewing this webinar and then the demands on our server at the end - - I think we blew a circuit!

Use This Link to > > PLAY THE WEBINAR NOW AND
Take Advantage of the SPECIAL OFFER

While most real estate deals, You know, do take money albeit it does not have to be your money at all, wouldn’t it be nice to finally find the ‘yellow brick road’ to those deals that take no money AT ALL.

Now for those of you who have come SO close, to making those deals happen, only to have it fall apart in the 11th hour because of something you didn’t know or overlooked merely out of your inexperience in putting these deals together, Wouldn’t it feel great to know that every No Money deal you Want is going to close.

Well what if you were given a map that led you directly to that yellow brick road, or the complete instructions that included reaching out for the check made out to you at the closing when you BUY a property?

Well the good news – and I do mean good news – Is Two Important points:

1) Learning how to raise the money – even big money is just a process, and learning how to do it and do it right will be without a doubt, the best investment you can make As you travel Upward toward your success.

2) And the other piece of really good news is You CAN acquire real estate, income producing real estate, with No Money at all as well.

Now, notice I said ‘income producing real estate’. In this webinar you are going to learn that you can buy ‘apartment buildings’ – without any money down AND – it can even be the first piece of real estate you’ve ever bought!

Use This Link to > > PLAY THE WEBINAR NOW AND
Take Advantage of the Special Offer

5 Comments »

Feb 07 2007

“SUBJECT TO” What??

Posted by: Michelle Odessey, in Single-Family Properties, Multi-Family Properties, General

“Subject To” is a term used when ‘buying’ a property, subject to the existing financing. Which means you don’t have to get new financing, or private money, or even hard money.

The transaction part can usually be done for as little as $10.00.

Which means you are ‘buying’ the house subject to the existing mortgage(s) that the homeowner currently has on the property. You are taking over the existing

(more…)

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Nov 15 2006

Multi-Family Properties Stream of Income

Posted by: Michelle Odessey, in Multi-Family Properties, General

Have you started your Multi-Family Properties stream of income yet?

We have - And, for those of you out there who have been with us for a long time, you know I am ‘nervous Nelly’ when it comes to starting anything new. (I’ll have to post an entry here with the ‘first’ real estate investing deal we ever did for those of you who are new to InvestorWealth.com.)

Anyway, here are the stats/specs on our latest multi-family deal that is in the works. (Prop your jaw up before reading this!) (more…)

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Real Estate Investing Blog

Archive for the 'Multi-Family Properties' Category

Buying Multi Family Properties: Are You Ready to Be a Landlord?

Buying Multi-Family Properties Can Be Extremely Rewarding

Multi-Family Properties: Choosing Your Tenants

Passive Income with Multifamily and without Raising Funds

“SUBJECT TO” What??

Multi-Family Properties Stream of Income

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