Are you looking to invest in multifamily housing to increase your real estate investment portfolio? Investing in real estate is a great way to earn passive income, which can provide you with many profits over time. When you are looking for multifamily real estate passive income opportunities, you will want to consider the housing options that work best for your interests and needs. You may need to consider whether you are looking for a turnkey investment or whether you are fine with rolling up your sleeves and getting to work. There a few different types of multifamily housing options on the market for investors.
Apartment complexes and condominiums are great options for those looking to increase their portfolio by adding commercial rental properties. In fact, they are the most common real estate investment in multifamily housing because of their popularity and multiple sources of revenue. These buildings tend to have many floors and multiple units per floor, which allows for a high capacity of renters. These are typically the most attractive buildings for multifamily investors because of their high capacity and large revenue stream.
Townhouses are individually owned spaces that sit side-by-side one another, which create a few different revenue streams once the units are sold. These communities can sometimes be purchased or developed as a whole, which makes them attractive for many that are looking for a one-time real estate venture. They will then be sold as separate units to those looking to own a townhome, which make great first homes for many young families.
With the renovations of many different urban spaces, there has been a rise in the amount of mixed-use buildings for sale. Old warehouses have been repurposed as both commercial and residential properties, creating these mixed-use buildings for real estate moguls to take on. These buildings are great for those looking for a bit of diversity, because they allow for both residential revenue and commercial revenue.
If you want to be extremely involved in your investment property, you might want to consider taking on smaller projects, like duplexes. Typically, these are purchased by those who wish to also become property managers, as they are smaller units that you can rent out to trusted tenants. Over time, you will need to perform maintenance and assist them with their household needs whenever they call. Duplexes are a great investment for those looking to have more of an active role in their investment.
These are just a few of the most common types of multifamily housing options available for those looking to invest. These multifamily real estate passive income options are great for those looking to increase their real estate knowledge and gain another revenue stream. If you are looking for quality multifamily investments, contact us to hear more about how we can help you today.