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Updated 3 months ago on . Most recent reply

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Solomon Nani
  • Eden Prairie, MN
1
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Newbie learning Multi Family rentals

Solomon Nani
  • Eden Prairie, MN
Posted

Trying to understand what multi family rentals are and learning how I can invest or convince myself to invest into it or learn more on this topic to understand this is not my path. Either way this will be my learning journey. 

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439
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Ty Coutts
  • Lender
  • Colorado
211
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439
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Ty Coutts
  • Lender
  • Colorado
Replied

Hello Solomon,

A few tips I have for you would be to first; Analyze Deals Properly – Use the 1% rule (monthly rent ≥ 1% of purchase price) and calculate cap rate, cash flow, and ROI before buying. Secure Smart Financing – Consider FHA, VA, or conventional loans for small multifamily (2-4 units). Scale Strategically (if this applies to your goals) Reinvest profits, use the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), and leverage 1031 exchanges to grow your portfolio tax-efficiently.

I'm a mortgage lender at Aslan Mortgage Lending and would love to find time to talk and discuss your journey.

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Ty Coutts - Aslan Home Lending
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