How exciting does “buy one and get three” sound to you? That is largely what you get when you invest in a triplex. Buying a triplex gives you the luxury of owning a building containing three separate dwelling units. You can either rent out all three units or live in one of them if you wish.
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As we enter the second half of 2022, many investors are concerned about the possibility of a recession. If this is a concern of yours,
Rumblings are being heard around investing and real estate circles about “the metaverse.” Everything from Hollywood studios to virtual skateparks are being built there to support real-world businesses, and even financial institutions such as JPMorgan Chase, HSBC, and Fidelity are carving out their own corners of the virtual world. But what is the metaverse, and, more importantly, how do you make money there?
Investing in multifamily properties is a time-tested way to generate passive income. Apartment buildings typically carry less risk and offer a much higher return on investment than single family homes. On the other hand, they can be difficult to manage and require more time and commitment than other types of rental properties. But is owning apartments profitable?
What if we told you that there was a simple model that anyone can replicate to build a solid rental portfolio? And it only required you to buy one rental property per year?
If that sounds like something you’d be interested in, then read this article.
In 2019, Boston city council passed a set of laws that restricted investors and tenants from renting out property by the night. In the past two years, there has been legislation to temper the explosion of short-term rentals and Airbnb properties in particular. On the one hand, some people believe it is leading to a drop in inventory in many markets. On the other hand, there are complaints of noisy neighbors, unauthorized parking and excessive messiness.