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Purchase Residential Properties
Residential real estate properties are properties where people live.
Of course the most common type of residential property is the single family home. Use a buy versus rent calculator to see how homeownership grows considerable wealth compared to renting.
Some owners purchase multiunit properties like duplexes, triplexes and fourplexes. The extra units can be guest houses or income producing when they are rented out to tenants. Any residential property with more than four units is considered a commercial property and is treated differently legally and for financing. Owning a multiple unit property is an excellent way to have other people (tenants) pay for your mortgage, and even give you extra income. As rents increase, and your mortgage payments stay the same, your cash flow will increase over the years. And once your mortgage is paid off, you will have a great retirement income from your multiunit property.
We have links above to various pages regarding home ownership. Remember, we own a home buying company and we are active investors. Contact us today to take advantage of our expertise. We look forward to helping you improve your investment portfolio, if it is with the purchase of a single family home or a multiunit property.
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