Why I love Multi-Families- North Attleboro Mass.

By
Real Estate Agent with Sankey Real Estate

North Attleboro Mass- My first Investment PropertyI purchased my first 3-family home around 1995 on North Washington Street in North Attleboro Mass, and it was the best decisions I have ever made. It completly paid our mortgage and then some, allowing us to by the old Jerimars in Attleboro Mass and openning Wetherlaine's Restaurant & Pub. Buying a 3-family allowed my dreams to come true and eventually purchased a single family and keeping the 3-family. I highly recommend multi-family ownership and here are just a few reasons why.

 

 

1.Lower Risk Than Single Family Homes. Investing in multi family houses give you the same chance to own a property and risks are lower compared to single family homes. If you'll lose one tenant, you can still obtain monthly payment from other tenants. If you are a first time home buyer and live in it, chances are you will have a minimal payment or none at all because the tenants will be covering it.

 

 

2.Continuous Monthly Income. Investing in multi family houses have the potential to bring you more income than relying on just one tenant from single family residence.

 

3.Less Maintenance. They say there's more cash if you have multiple properties. But how are you affected if you have many single family homes to take care of? This will shake up your finances if you'll have to maintain each and every properties when you can do it all at one place. You'll simply have to manage a real estate property at a single location and yes, still generate more from this without having to get and maintain as many properties.

 

 

Consider investing in multi- family houses and you will see how beneficial it can be for you. I could tour mulifamilies all day and would love to help find the perfect one for you!

Posted by

 

Tiffany Chapdelaine Wetherbee

Sankey Real Estate Brokerage, North Attleboro, MA

North Attleboro Realtor and Real Estate Concierge

North Attleboro Real Estate North Attleboro Real Estate 

 

 

 

 

NorthAttleboroMASS.com

North Attleboro Living Blog

 

Tiffany Chapdelaine Wetherbee and Sankey Real Estate can help you find Homes in North Attleboro and North Attleboro homes for sale, Attleboro Real Estate & North Attleboro Real Estate, Houses in Attleboro & Attleboro Homes for Sale, North Attleboro Mass Real Estate, and Homes for Sale in North Attleboro Ma, Real Estate North Attleboro. And Houses for sale in Attleboro Ma.  We can also help you find Real Estate Values South of Boston like Foxboro properties, Norton homes for sale, Franklin homes for sale, Mansfield homes for sale, Mass Realtors & Realtors in Mass.

 

 

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Rainmaker
60,168
Bryan Spann
SYSNE LLC - Houston, TX
Agent

I agree,

Having multifamily properties are better, in my book also. Not only that, but have single family properties requires more people to manage because location unless the are in one area.

Feb 03, 2012 02:12 PM #1
Rainer
34,265
Lorena Barbosa
David Realty Group - Westfield, NJ
Broker, Westfield

Great advice and so true! I live in one myself and rent out the other side and it's wonderful!

Feb 03, 2012 04:20 PM #2
Ambassador
792,532
Jerry Newman
Green Home Realty, 210-789-4216,www.Selling-SanAntonioHomes.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Good Morning, Tiffany. Welcome to Active Rain! I just found you by way of Jeanean Gendron, who introduced you today in a post on AR. I believe multi-family units are great for investments too.

Feb 04, 2012 09:52 AM #3
Rainmaker
2,163,737
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Very good advice for prospective investors and home buyers.

Best wishes for great success in the ActiveRain network.

Feb 04, 2012 09:53 AM #4
Rainmaker
379,416
Rose King
UTR, Texas Realtors - Friendswood, TX
Friendswood / Pearland Homes

Hello Tiffany! Welcome to Active Rain! Jeanean Gendron sent me here from her post. I enjoyed reading about multi-family homes - lots of great information!

Feb 04, 2012 11:01 AM #5
Rainer
101,964
Pam Hills
Innovative Artistry - Kendall, FL
ASP/IAHSP- Stager Miami, FL, Creative Minds Innovatively At Work

Good Morning Tiffany - This is very "wise" advice.  Welcome to Active Rain!!  I came here from Jeanean Gendron's blog & wanted to come right over & welcome you!!  :)

Feb 04, 2012 11:03 AM #6
Ambassador
1,401,143
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - San Jose Probate Agent

Hi Tiffany,  I'm here from Jeanean Gendron's introduction post.  Welcome to Active Rain.  If there is ever anything I can do to help or assist you, please let me know.

Feb 04, 2012 02:41 PM #7
Rainer
33,019
Tiffany Chapdelaine Wetherbee
Sankey Real Estate - North Attleboro, MA

Thank you all for for your warm welcome! And I look forward to interacting with all of you!

Feb 04, 2012 04:42 PM #8
Rainmaker
735,182
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Tiffany, welcome to Activerain, I was recommended by Jeanean Gendron's post to visit you.  Investing in multi-family property definitely is better than single family home. You only require to replace one roof when needed.

Feb 04, 2012 08:56 PM #9
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Rainer
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Tiffany Chapdelaine Wetherbee

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