Blog: Buying An Apartment Building

What if you could buy an investment property that brings in cash every month and live there yourself? Believe it or not, this strategy — buying a multi-unit building and using it as your primary residence — is one many new homeowners and investors have used for decades to get their foot in the door.

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If you plan to live in one unit of the multi-family property, you may be eligible to finance it through a Federal Housing Administration (FHA) loan. These loans are backed by the government and can be used for properties with up to four units.

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So you are ready to buy your first investment property eh? Here are 5 tips to help you understand what to expect.

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What is this pandemic doing to the multifamily market? What is my building worth today? What types of transactions are going on during this crisis?

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If you invest and/or own multifamily properties, knowing industry trends and market history are key to optimizing your returns and identifying other opportunities.

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