giro katsimbrakis explains why multifamily properties are where its at
DESCRIPTION
In his real estate career, Giro has bought and sold millions of dollars of real estate, and has rehabbed over four hundred properties. Giro has shared his expertise with others in the business, helping them become wealthy, successful real estate investors as well. http://girokatsimbrakismultifamily.comTRANSCRIPT
WHY
INVEST
IN
MULTIFA
MILY P
ROPERT
IES?
GI R
O K
AT
SI M
BR
AK
I S,
NM
I G
1. Cash flow on a multifamily property will always be greater than that of a single family because there are simply more rents coming in.
2. The greater the number of units, the lesser the risk. Lose a tenant of a
single family house and you’ve lost 100% of your income. Lose a tenant
in a four-family property, you still have three rents coming in with which
to pay your expenses.
3. Economies of scale. Say you have five single family houses–that’s five lawns to maintain, five roofs to repair, etc. Factor in travel time and cost and you’ve got a logistical nightmare. On the other hand, with one five-family property, you’ve got everything right in one place.
Crazily enough, there’s less competition in the multifamily
market. How can this be? Because relatively no one is teaching how to
do it! Scores of other groups out there help investors flip single family
houses–meanwhile, here at NMIG we’re helping our clients draw in way
more cash with way less effort.
You can use those bigger cash flows to hire management companies and rid yourself of hassle while you focus on finding and financing properties.
When you eventually sell your properties, the returns are a lot
larger. Apartment complexes cost more than single family homes, and they obtain a greater appreciation.