Vlog episode (number 11) of a real estate investing channel comparing pros of investing in single-family versus multifamily properties for newer investors. The host (normally with Danielle Robison, who is unavailable) brings in Mark (director of sales) and lists several benefits of single-family homes: lower price point (good entry), faster resale/liquidity, lower rehab costs (single roof, single hot-water heater/HVAC), lower turnover (tenants stay longer), and lower taxes/insurance.
Questions this video answers
11
Mark
Hey, everybody. Welcome. This is vlog episode number 11. Now, usually I'm sitting here with Danny, but she is absolutely swamped with private money lender phone calls and she's been on appointments all day today. So I went through the office and found the only person that was available. No, I'm just kidding. So I grabbed Mark and he's our director of sales, and so I wanted to bring him in here because today's vlog episode is the comparison of the pros to buying single family compared to buying multifamily. Because we get asked that a lot, especially from newer investors, what they, what direction they want to go, which direction they should go, I should say. And so these are just some of the pros. So I'm going to start out easy with the pros for the single family properties. Number one is the price point. It's a great entry point for newer investors. The single family properties are typically lower price than the multifamily properties. So it's a great way to get started in investing in real estate.
Another pro of the single family home is that if something happens in your life and you need to liquidate and sell, a single family home traditionally is going to sell faster because there's more people in the market looking for it.
Absolutely. The other thing, this is sort of a pro for the single family and might not be so great for the multifamily, but we're not talking about that. So the pro is that the rehab is going to be lower because it's just one property. You know, yes, it's just one roof, but it's only one hot water heater, 1H vac. And so the rehabs are typically lower, plus smaller square footage, smaller footprint.
Absolutely. You're going to find out that in single family homes, your tenants traditionally are going to stay there longer as well. So you're going to have not as much turnover for the single family home.
Absolutely. And then the other thing, when you're going to buy a single family house, you're also going to notice that the taxes and the insurance are a lot lower. So the.
