You may be a first time investor, or wanting to own a second home for investment. Do you have young adults graduating from college, getting married, starting out on their own? It's a great time to think about investing in real estate for the younger generation.Â Or maybe you are just thinking of generting some extra income from a rental property?Â Whatever method you decide to use, you will be investing in something for your future.Â
This blog post focuses on the advantages of owning & managing multi family rental property.Â These properties can beÂ owner orÂ tenant occupied, or both owner & tenant occupied. They provide more versatility and offerÂ positive cash flow at the same time whileÂ collecting steady rental income.Â Great investment at this price!!
Â WOW!! I
have some great newsÂ If you cannot find
a single family home that meets your needs, consider buyer a multi-family
dwelling. It might work out just great for your family members. Whether for investment or for you to
occupy, the duplex or triplex offers much greater versatility than a single
family home.Â Some evenÂ come with
tenants so you can continue toÂ receive rents until you decide you want to
move in.Â Good tenants are hard to find,
so buying a property with tenants gives you even greater stability for Â
the long run.Â Ask me how to purchase and
manage one of these units, I would love to share my knowledge & experience
BLENDED/EXTENDED FAMILY:Â Do
you have this situation? There are more joint families today than ever before.
Do your relatives visit? Grandchildren coming to stay for a few days? Maybe you
also have in-laws or friends from out of town? Or some of all three. You may
findÂ the multifamily home to beÂ larger and more flexible to accommodate
extended family. These units will usually have larger rooms, more bedrooms and
bathrooms.Â Furthermore they also may
have inside laundry, separate entrances to each unit and separate garages.Â All these features canÂ prove to be more beneficial for the extended
family to occupy.
RETIRING? Maybe you areÂ retired
or planning to retire soon?Â The
multi-family unit could be a cash cow for you in retirement. While it enable
you to downsize to a much easier to manage and maintain property, it also gives
you rental income. Kill two birds with one stone as they say. It's nice to have
aÂ steady source of income all year long.Â
Should one unit become vacant, you would still receive income from other
occupied units until such time the vacant unit could be occupied.
Â Extra cottage in back:Â Could you find a use for an extra cottage or
room addition on the property? Many of these homes come with cottages or room
adds ons. Typically you would not find this kind of extra space in a single
Here are just a few examples to give you an idea of what is available today. Ask me to schedule a showing for any of these properties.
1.Â Sunny and bright side by side units with
parking in the back! 1 bd/1 bath ea unit w/ all sep meters and bonus room in
1411. New roof & ext paint. Both units occupied by long-term tenants &
like to stay. Perfect for investor.
Four unit apartment building. Bungalow style. All units are Junior 1-Bedroom,
1-Bath. 3-Car parking. New roof (2012). Small fenced in yard. Unit#B and #D are
updated. Low maintenance. Separate meters. Ideally located, west of UC Berkeley
& cozy. Nice opportunity. You can live here & get income from rent at
the same time. This adorable house is a 3 bd 1 ba all redone warm & cozy.
Updated Kitchen & baths. Hardwood floors, a must see! Cottage in the back
is 1 bd 1 ba family room and kitchen.
Heart of the Bay duplex is located by Hayward Hills and features (2) 2 bedroom,
1 bath units, and covered parking. Stone's throw from Cal State East Bay &
Hayward High School. Minutes to downtown Hayward. Close to shopping, public
transportation, easy access to fwys.Â
5. Wow, well
maintained duplex income property at walking distance to the New Costco Â Hayward, School, and Park. Easy Access FWY
580, 880 & 92. Both Units have garage, driveway, Washer & Dryer . Rear
Unit has big size backyard with newer remodeling Plus Roof and Paint are under
good condition. Both Units are occupied.
property in the Hayward Hills. Live in one unit and rent the other two. Large
lot that could possibly be subdivided.Â 7.Â Â Â Move in condition. New polished
hardwood floor. New stove. New paint. Two parcels/units in one lot. Â Nice view over the city. Two separate electrical
meters. A lot of potential.
encourage you not to wait much longer to make your move.Â Contact me
for a showing.Â I assure you it will also prove to be an
Phone or text: 510-303-2549