Multifamily real estate is usually more stable during economic upheavals, and over time it tends to appreciate in value.”
GAYLENE ROGERS LONERGAN
and net income much faster than individual single-family investing.
is why more experienced investors lean toward this choice. Third, managing multiple single- family properties can take more time and can cost more than a single-family unit or a multifamily property. Of course, choosing between single- family or multifamily properties is dependent on the investor’s resources, goals, and preferences. CHOOSE AN EXPERIENCED ATTORNEY An experienced attorney who specializes in real estate and title provides investors with the expertise needed for success. Such an attorney can provide contract reviews, dispute management, and deal with complex legal matters. Following the regulations of the particular state in which the investments are located is essential to protect all real estate investments.
Also, how will the property be managed? If the investor isn’t keen on personally managing multifamily properties, hiring property managers is often an option because of the increased income flow. The owner can then focus on other aspects of the business, including purchasing additional properties, if that is the goal. CHALLENGES OF MULTIFAMILY Investing in multifamily properties also has its challenges. First, the cost is usually much higher than single-family houses, unless the investor chooses extremely expensive single- family houses. The down payment on a higher cost property is certainly greater. Second, the competition for multifamily can be intense, which
Gaylene Rogers Lonergan founded The Lonergan Law Firm, P.L.L.C., a real estate law and banking law practice and real estate closing office, headquartered in Dallas, Texas in 2000. She has been serving clients throughout Texas since then. Lonergan has more tha 40 years’ experience dealing with virtually every aspect of commercial and residential real estate law, banking, and title transactions. Lonergan holds an MBA from Texas
Tech University and graduated cum laude from the Texas Tech University School of Law.
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