Multi-family Property Investments
Whether you’ve invested in commercial real estate previously or you’re just getting started, there’s always more to learn and discover. At Perfect RealEstate Investments, we’re passionate about helping you make your ventures as lucrative as possible. Is a multifamily property right for you?
There Are Different Types of Apartment Buildings
If you decide to invest in residential income properties, the first thing you should ask yourself is: What Should You Buy Multifamily or Single Family? There are also different classes of multifamily properties. When deciding on a particular property you need to consider the class of the building and not the size.
- C&D properties are not suitable for distant or out-of-state investors.
- First-time investors are also advised to stay away from C&D properties
- Generally speaking, Class A & B properties have a lower CAP rate compared to Class C & D properties.
Local property investors need to ask the following questions when considering a multifamily investment property:
- Will I Take Care of Rental Property Management Myself or Hire Professionals?
- Manage the Property Myself: If you are a handyman and good at fixing things yourself, you can consider buying C & D class properties. If you are not good at fixing things yourself – do not consider C & D class properties.
- Hire Professionals: Look at A & B class properties as it is very difficult to find a management company willing to take care of C&D properties unless the property is fairly large.
Explore Multi-Family Property Investments With Us
A sub-category of apartment property types, multi-family structures are longer-term investments than single-family homes. Complexes take longer to sell and are more complex to manage. However, when handled correctly, owning a multi-family property can be a great source of income. You have many options:
- A building with at least one elevator and nine or more floors.
- A building with an elevator.
- A one-, two-, or three-story apartment building in a garden-like location; it may or may not have elevators.
- A four- to six-story building without an elevator.
Manufactured Housing Community
- A community in which ground sites are leased to owners of manufactured homes.
- A multifamily property in any style targeting a specific population segment.
- A complex with at least half of its units intended for students attending a nearby learning institution.
- Housing for senior citizens providing certain levels of care.
- Housing for renters with special needs or low incomes; made accessible by rent and income restriction.
Get Started With Perfect Real Estate Investments
After 30 years of experience in commercial investing, we’ve learned what works and what doesn’t. We genuinely want you to benefit from all the lessons we’ve learned over the years. Schedule a free consultation with us today.