Are you planning on buying a single family home or a fourplex and you’re not sure if a multifamily rental property is the better option for you? In this article we will answer this question and provide you with reasons why you should purchase a fourplex.
Reasons To Purchase A Fourplex
- Greater Cash Flow – With a fourplex you will enjoy the benefit of having cash flow from four units compared to only having cash flow from one unit when you buy a single family home.
- Easy Financing – Fourplexes are great because you can finance one for only 3.5% down if you plan on living on one of the units after you purchase it.
- Convenience – Unlike multiple single family homes, fourplexes are easier to manage because of the obvious fact that all of your rentals are in one location rather than spread out over town.
- Good Starter Property – Many investors get started with investing in real estate by purchasing fourplexes because this type of investment property helps them to “get their feet wet” as landlords and gain the experience that they need for managing larger properties.
Get Central Valley Property Management Here
To learn more about the benefits of purchasing a fourplex, or to speak with us about our property management services, contact us today by calling (209) 572-2222 or click here to connect with us online.