Purchase an Investment

A rental property is another home you purchase and rent out other than the home in which you live. A few of these rentals are a fantastic investment in the future. Since the market is down, these properties are fantasic values. Equity gains on a property purchased in a down market can be fantastic. Also, property ownership is a great hedge against inflation - something that is coming soon. Single units are the easiest form of property ownership and can be sold quickly without the same challenges inherent in larger rental complexes.

Multifamily owners have the advantage of being able to own multiple rentals in a single location. these types of properties, (Duplexes, Triplexes, and Fourplexes) are a bit more maintenance intensive and often have common utilities which are paid by the owner instead of by the tenant. There are real challenges of dealing with multiple tenants and the issues that arise with larger properties and maintenance. A good multifamily property can provide a supplementary source of income to the owner. Owners can also benefit from equity gains, tax advantages, and monthly income.