With property values plummeting in areas such as Florida, more and more investors and turning their focus from single family housing to multifamily apartment buildings. In the past the main reason why investors choose apartment building is because they like the idea of having the tenants pay down the mortgage and pay the expenses of the property as they enjoy the benefits of real estate appreciation, and if purchased and financed correctly the owners can receive a monthly income similar to what most people make on a regular 9-5 job. Apartment building ownership is no longer suited for just the handy man type investor, as more management companies have become more competitive to handle the head aches associated with tenants for a fee of just 7 – 10 percent. Again it goes back to buying right, with the property financing and apartment ownership can be put on auto pilot.
Multifamily … Read More