How Do You Buy A Multi-Unit Building?
Build your nest egg and net worth by investing in a multi-unit building. Unless you are a commercial investor, most folks buy residential multi-unit buildings. A multi-unit building is more than one family residing in the same building and can be a duplex or a 10 unit complex. Before you buy, there are some important points to consider. Step 1 Check the area where the multi-unit building is located. Check the type of street it’s on for excessively heavy traffic, noise, and the condition of other buildings on the street. Drive through the neighborhood to get a feel for the type of renters that are most likely to become your tenants. Drive through the streets at night to check for gang activity, criminal activity or anything else you’d want to avoid. Check with the local police to find out the crime rate in the area, and the number of police calls to the address you are going to buy. Step 2 Research the neighborhood for other multi-unit buildings. Look for “vacancy” signs or “for rent” s
Build your nest egg and net worth by investing in a multi-unit building. Unless you are a commercial investor, most folks buy residential multi-unit buildings. A multi-unit building is more than one family residing in the same building and can be a duplex or a 10 unit complex. Before you buy, there are some important points to consider. Check the area where the multi-unit building is located. Check the type of street it’s on for excessively heavy traffic, noise, and the condition of other buildings on the street. Drive through the neighborhood to get a feel for the type of renters that are most likely to become your tenants. Drive through the streets at night to check for gang activity, criminal activity or anything else you’d want to avoid. Check with the local police to find out the crime rate in the area, and the number of police calls to the address you are going to buy. Research the neighborhood for other multi-unit buildings. Look for “vacancy” signs or “for rent” signs. Write do
