By Living Room Realty, April 8, 2018
Single Family Residences (SFR)
Condos
Attached housing/townhomes
Rural properties
Raw land and vacant lots
Multi-family housing (Plexes)
I’ve sold ’em all.
Different types of properties offering different challenges and rewards.
But I LOVE a plex.
For first-time buyers, choosing a duplex purchase enables them to build equity quickly. They live in one side and their neighbors pay rent towards their mortgage. The key to success here is choosing a high appreciating neighborhood with a property that won’t overwhelm your budget with needed repairs. Throw in some sweat equity and double the returns.
For investment clients who own several single family homes, shifting from SFR to a Plex is a chance to leverage multiple SFR rentals into a single property, offering higher income potential, less maintenance, repairs, and expenses than carrying the same number of SFR’s. This is the perfect opportunity to utilize a 1031 Exchange to defer taxes indefinitely and keep your money in your pocket today.
Are you plex curious? Give me a call.
