Don’t Buy a Single Family Home as Your Investment Property! - Market Tues_EP_12

The John Papaloni Show

English - June 28, 2022 16:50 - 6 minutes - 5.72 MB
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Don't Buy a Single Family Home as Your Investment Property! - Market Tues_EP_12

When you buy a single family detached house as an investment problem, you are taking on a bigger risk and limiting your potential.

If you are investing in a multi-family property you get multiple rents, while mitigating the risks over having 1 door to collect rent on.

The other advantage of having a multi-family like a 6 plex or more is that the way you get financing changes as well, when you have a single family home your qualification is based on you and your ability to pay.

When you have a 6 plex, this is considered commercial and the performance of the investment becomes a factor on whether or not you get the approval. I give you an example in the video/audio of the financing side and income potential between the Single Family & the Multi-Family.