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Is buying a multifamily worth it?The Bottom Line
Investing in a multifamily property is a great way to grow your real estate portfolio and bring in additional income. Owning multifamily properties can be a small endeavor or large undertaking, depending on the number of rental units that the property contains.
How do I find a multiUsing an MLS, contacting brokers, and contacting property owners are just a few of the ways to find great multifamily properties. Other methods could include going to meetups, networking on LinkedIn, and finding local real estate investors to mentor you.
What is a good cap rate for multifamily?Due to their decreased risk, multifamily complexes have one of the lowest average cap rates of any property asset category. According to 2ndkitchen, a suitable cap rate for multifamily properties is often between 4% – 10%.
What is a 4 plex?A fourplex is a multifamily home typically designed to house four separate families under one roof. The multifamily units can be side by side or stacked on top of each other, but typically, they're a combination of both.
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