Investing in a multi-family home can offer a good amount of security by having 2 or more units for rent instead of just one in a single-family home. It can offer you more purchasing power as the price per door is often lower than with single-family homes.
The real estate investor can have several units rented out and produce income in the same building. These multiple streams of rent from the same property decrease your risk and go favorably toward the real estate investor’s income statement when applying for another loan.
The real estate investor does have to be ready for the sometimes constant demands of tenants. A savvy investor will budget for a property manager to focus more on real estate investment and less on managing the units.
With the proper research, a multi-family property can be a great investment and create more financial freedom.
The visionary and dynamic leader of Nova Money Lenders, LLC, an emerging private money lending institution. With a passion for innovation and a deep understanding of the lending landscape, Elizabeth is dedicated to driving the success of the company.
Drawing from her extensive experience and solid educational background, including a BSC in Mathematics and Physics from the University of Guelph, Canada, and a Certificate of Marketing from McGill University in Montreal, Canada, Elizabeth has developed a comprehensive knowledge of market trends, risk assessment, and strategic financial planning.
Throughout her career, Elizabeth has focused on both the investing and lending sides of the real estate sector, accumulating over 35 years of experience. She has honed her skills in various specialties, including real estate wholesale, fix and flip, rental properties (single family and apartment buildings), mortgage notes (1st and 2nd) (performing and non-performing), creative financing, foreclosures, short sales, and more.
Outside of her professional pursuits, Elizabeth indulges her love for fine jewelry, even becoming a bench jeweler, a budding gemologist, and a diamond appraiser.