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What Are the Pros of Investing in a Multi-Family vs Single-Family Property?

Posted by admin on December 28, 2021
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Investing in commercial property to create multi-family or single-family units can be a fantastic way to become a business owner.

Although multi-family real estate can potentially create more revenue, starting with a single-family property is great training for becoming a landlord, and will provide you with the experience you need to successfully expand your business. 

At Santa Cruz Properties, we offer owner-financed property for sale in Edinburg that can be used to develop single-family or multi-family housing units. We encourage those who dream of becoming business owners to take advantage of all the growth the Rio Grande Valley, and especially cities like Edinburg, is experiencing.

Read on for a guide on how to decide which type of property is best for you and your goals.  

Should I Invest in Single-Family or Multi-Family Real Estate?

It is of utmost importance to your success to comprehend the differences and similarities between multi-family and single-family properties. The decision should be in your best interest and based on what your goals are.

If you are having a tough time deciding your next move, here are some benefits of investing in a multi-family and single-family property. 

Benefits of Investing in Multi-Family Properties

Multi-family properties are residential buildings with more than one housing unit, like apartments, condos, and duplexes. Investing in a multi-family property has become a popular plan of action for investors. 

Here are some advantages of owning multi-family properties:

  • Greater Cash Flow – This benefit is one of the easiest to comprehend; the more tenants you have, the greater the opportunity to increase cash flow. Also, landowners may decide to live in one of their units, which can help save some cash while still making a profit. 
  • Value Control – The value of a property increases when more revenue is created. Since there are more units in multi-family properties, there is more income being generated, which can potentially make this form of real estate more valuable than a single-family home. 
  • More Tenants – Since residential buildings with several units hold more than one tenant, your loss of income isn’t as high if a unit becomes vacant. 
  • Expandability – When you buy more than one property at a time, it allows your portfolio to grow and potentially upgrade your business by venturing into different industries, such as agriculture. 
  • Possibly Hire Staff – When you own multi-family real estate, you can potentially hire staff to keep the place running while you focus on other endeavors. This can be an excellent choice for investors who don’t have much time to be involved. 

Benefits of Investing in a Single-Family Property

Single home properties can be a great investment with low mortgages. Also, as rental rates continue to grow, there is the potential for investors to continuously benefit over the long term. 

It is recommended first-time property owners start with a single-family property to learn the ropes of property ownership. Below are some advantages of investing in a single-family property:

  • Cost Efficiency – Generally, single residential units are less expensive than multi-family units. 
  • Popularity – Single-family properties provide a privacy that most families prefer, especially in metro areas such as Edinburg. If the property is properly maintained, there should be no problem finding a tenant.
  • Manageable – This is a critical factor to consider when deciding on what type of real estate to invest in. If you’ll be handling the day-to-day issues, then you’ll likely want to begin with a single-family unit, as they will require less of your time and effort (in comparison to multi-family properties). 

Investing in owner-financed property for sale in Edinburg can be lucrative, regardless of whether you decide on a multi-or-single-family property. Santa Cruz Properties wants you to succeed in your business, therefore we’re offering this guide to help you decide what kind of property is best for you! 

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