Basically, if you have tons of funds, Multifamily has a better ROI for the average investor. But if you’re an extremely experienced investor who has connections, single family has a better ROI. Multifamily has higher upkeep. But better residuals. Single family, has lower upkeep, but an all or nothing residual. Hope that helps!
@@amberterry2090 Quadplexes are probably one of the best ways to start real estate. As long as you have a stable job and aren’t looking to make real estate your main source of income within a year. But rather start your empire and have it be your main source of income in 5-10 years?
Hey Chris...i can increase your roi to 35%-45% Step 1: in your lease agreement change tenancy at will clause to double the rental rate or air bnb rate; if your lease expires! Step 2: offer your tenants buyer-agent tour agreement at 2.5% at any time they want to buy a house! Step 3: let them out of lease agreement 2 weeks after escrow. Step 4: Rent investment property at new increased market conditions!.... And yes i'm a real estate millionaire!
I am only beginning to study these topics but I am very interested in starting this path in 2 or 3 years when I have the financial possibility. Would it be valid if my initial idea was to buy a multifamily with 3 or 4 units so I could live in one and finance it with an FHA? The initial objective would be to live rent free off the rent from the other units. Even if there is no cashflow, I would free up a large part of my income to start scaling more quickly later. Would something like that be valid?
My husband and I have 4 single family homes, we are finally getting a 5th single home but in Florida now…we want to break into multi family homes and trying to learn and do our research!
Diffent demographic ... unless your wanting a full time mgmt co. stay with single family homes... keyword family... they busy raising family not destroying your home... multi units a another matter...2nd Generation landlord... stay with families & 700 credit score you will be sleeping better at night 👍
Great video. I definitely want a piece of those 7 million+ missing homes.
In the process of buying my first home and these videos are so helpful.
Basically, if you have tons of funds, Multifamily has a better ROI for the average investor.
But if you’re an extremely experienced investor who has connections, single family has a better ROI.
Multifamily has higher upkeep. But better residuals.
Single family, has lower upkeep, but an all or nothing residual.
Hope that helps!
What do you think about duplexes, tris ans quads? Best balance of both? Assuming no house hacking, strictly investment properties
@@amberterry2090 Quadplexes are probably one of the best ways to start real estate. As long as you have a stable job and aren’t looking to make real estate your main source of income within a year.
But rather start your empire and have it be your main source of income in 5-10 years?
I'm glad you broke this topic down because I got guys asking me to invest into multi unit homes.
Hey Chris...i can increase your roi to 35%-45%
Step 1: in your lease agreement change tenancy at will clause to double the rental rate or air bnb rate; if your lease expires!
Step 2: offer your tenants buyer-agent tour agreement at 2.5% at any time they want to buy a house!
Step 3: let them out of lease agreement 2 weeks after escrow. Step 4: Rent investment property at new increased market conditions!.... And yes i'm a real estate millionaire!
I am as well , good advice :)
@@Landoftherisingsun777 💪👍😜
Sir you are an amazing teacher,and your knowledge is the best.Thank you for always sharing it.
Rolling in the dough like a bakers knuckles 😂😂
Is it possible to own a home as a primary residence whilst renting that home?
I am only beginning to study these topics but I am very interested in starting this path in 2 or 3 years when I have the financial possibility.
Would it be valid if my initial idea was to buy a multifamily with 3 or 4 units so I could live in one and finance it with an FHA? The initial objective would be to live rent free off the rent from the other units. Even if there is no cashflow, I would free up a large part of my income to start scaling more quickly later. Would something like that be valid?
Yes it would be! I'm 18 years old and do this.
My husband and I have 4 single family homes, we are finally getting a 5th single home but in Florida now…we want to break into multi family homes and trying to learn and do our research!
Diffent demographic ... unless your wanting a full time mgmt co. stay with single family homes... keyword family... they busy raising family not destroying your home... multi units a another matter...2nd Generation landlord... stay with families & 700 credit score you will be sleeping better at night 👍
good information
I sold my 2 single family houses because I wasn’t able to profit anymore due to increase in property taxes, insurance.
Thanks you
I’ll stop you right there krissy. Single family doesn’t cashflow as a rental with todays rates, all that needs to be said. Multi family all day
I want to know your crazy formula for ROI.
You forgot to say "sorry Grant Cardone" 😂
Don't pay off your house but he'll pay off his.. he's admitted in a conference that he's a dark triad..
1st comment
you are the lucky 🏆 winner