Top Reasons To Invest In A Multi-Unit Property In Walnut Creek
Are you deciding if buying a multi-unit property in Walnut Creek is best for you? Buying a multi-unit property in Walnut Creek is a wise option for investors. With a population of 70k+, Walnut Creek’s population increased by .64% in 2017, and it’s no surprise because of its wide range of amenities.
Investing in a multi-unit property is way less complex than investing in an office space or hospitality business and is a great way to start commercial real estate investing in Walnut Creek.
We’re going to take a look at the top reasons why you should invest in a multi-unit property in Walnut Creek.
If you’re looking for Walnut Creek investment loans in California, get in touch with our mortgage brokers to learn more.
Cash Flow
One of the top reasons why investors love multi-unit properties is because of the cash flow it makes monthly. While stand-alone homes have only one tenant or group of tenants, multi-unit properties have many renters paying rent. Even if one of the units is vacant, you can still get cash flow from the other units.
Interested in buying a multi-unit property in Walnut Creek? Apply for a multi-unit investment loan for Walnut Creek.
Scalability
Multi-unit properties also attract a lot of investors because it lets the investors scale their portfolios among this asset class. Investors can grow their portfolios way faster by investing in multi-unit properties than single-family rentals. It also allows investors to move towards commercial real estate investing as bigger multi-unit properties with five or more units start to fall under commercial real estate, which provides better cash flow opportunities.
Do you want to calculate the investment property you can afford before purchasing a multi-unit property? An investment mortgage calculator is a useful tool that can help you get the numbers you are looking for.
Fewer Loans
One of the benefits of investing in a multi-unit property is that it can be usually bought with one straightforward, traditional mortgage loan. Let’s compare buying a 12-unit apartment building to purchasing 12 stand-alone rental homes. You can use one loan to purchase the former. Meanwhile, the latter requires you to use 12 separate loans to purchase the homes.
Passive Income
Investing in a multi-unit property is a great way to generate additional income without making efforts. It is easy to hire a property manager who will handle maintenance and communication with tenants on your behalf. This is especially appealing to investors who are new to owning or managing rental property.
The Bottomline
Keep in mind that the most crucial aspect of real estate investing is just getting started. Investing in small multi-unit property is a good way to start. Once your portfolio grows, you can sell the smaller units and use your money to invest in larger multi-unit properties.
If you’re ready to start your real estate investing journey, get in touch with an experienced and trusted LA County mortgage broker to help you get started.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.