The 100 Lowest Priced Multi-Family Investment Properties in CT
Thinking about investing in a multi-family residential property by moving up from your single family home? Here are some handy tips to keep in mind while purchasing multi-family properties to make the most of your investment:
- Choosing the best real estate professional
Buying a multi-unit structure is a very risky move. It can prove to be overwhelming when you consider the amount of market research and analysis that goes into it. It is necessary to have a good real estate broker who can help you to sort through the options that are available and guide you in making the changes accordingly. Professional brokers can provide expert advice related to property purchase transaction and the legal procedure that needs to be followed to establish the ownership.
- Collecting as much information as possible
It is a good idea to get familiar with the area where you are planning to buy a multi-family home. You can do so by asking the locals to provide information related to the history of the place and the real estate market scenario in that area. You need to check the vacancy rate in the neighborhood of the property that you are interested in buying and find out the type of housing facility which is most in demand. It is important to ask for copies of the lease. You should read every word before investing a project.
- Setting aside money for the investment
You cannot expect to buy a multi-family unit and get occupants for every rental unit right away. Another point to keep in mind is that tenants do not always pay the rent on time. So you should not depend on the monthly rent that you receive from tenants to cover your property price. You need to start saving your money and be ready with the first few months’ installments before initiating the buying process.
Another option is to take a loan and make monthly EMI payments. Multi-family homes definitely cost much more than single-family homes but it is easy to secure a loan for such a property rather than a single-family home. The reason is that this investment generates a steady cash flow every month.
Lastly, choose a multi-family property which is relatively new and does not require much maintenance. Make a budget for investment and stick to it.
For further information on the buying process of multi-family investment properties in Connecticut, get in touch with Buyer’s Trust Real Estate & Investment.
For More Information Call The Buyer Broker, Steve Schappert at Buyers Trust Real Estate & Investment. 203-994-3950
Based on a search of the Connecticut MLS by Buyers Trust Real Estate & Investment
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You are an investor in search of great deals in Connecticut and you want someone that represents your interests in all your real estate transactions. Steve Schappert of Buyers Trust Real Estate & Investment is the perfect choice to get the job done. Schappert is a buyer’s agent, a nationally recognized exclusive buyer’s broker, and an award-winning Connecticut Home Improvement Contractor.
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Steve Schappert remains your go-to Connecticut real estate broker and home buying professional you can always count upon. Schappert is exceptionally qualified to help you locate, negotiate and renovate your dream home or investment property. The undivided loyalty, level of confidentiality, accountability, and dedication offered to clients is second to none.
At Buyers Trust Real Estate & Investment, we are always interested in getting the best, profitable home and property investment for our clients. By making use of the wealth of experience, expertise, and abundant resources at our disposal, we are always ready to save you from the problems of dual agency and high closing costs. You can rest assured that we will help you get the most out of your property investments.
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Hiring a Connecticut exclusive buyer broker is the best decision you will make regarding buying a home in Connecticut. When NBC, Kiplinger’s Financial, Woman’s Day Magazine, The New York Times, Real Estate For Dummies & The Learning Channel (TLC) wanted to learn more about buying real estate, they called Steve Schappert and you should too!
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