Happy Thanksgiving,
I had a busy holiday week this week. I had a client that was looking for some investment property and what a great time to look! We found a dozen multi-family units in really great shape, new roofs, new furnaces, all for under $150K!!!
It is true that having a multi-family can be a lot of work, but the rewards can be great. Imagine having help paying for a six figure investment, play your cards right and it will pay for itself. It's important to get both professional legal and accounting advice before getting involved to see if it's a right fit.
Being a land lord also has it's trials. You are responsible for the reasonable comfort and safety of your tenets. If the heat isn't working on Christmas Eve, you have to respond. If there's another emergency and you're out of town, you need to have plan to respond. You carry a lot more liability which is part of the risk of investing.
If you feel that you're ready to take advantage of the low prices and jump on the opportunity to start being a landlord, make sure you give me a call and we'll get you started.
In the meantime, check out my new website, sign up for the MLS, and take a look for yourself at what is out there and I look forward to saying "Welcome Home".
Cailte Kelley Century 21 DeNault Realty
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