If you’re like many people, you want to break into the real estate investing market. The good news: You can do exactly that by buying a multifamily property and living in it while you rent out other housing units. This guide explains this option, which can help you kick-start your real estate investment career.
A fourplex is a building that contains four separate housing units. The units can be side-by-side or stacked on top of each other, but most often, they’re a combination of both. There aren’t shared common areas in a standard fourplex; each residence has its own entrance, kitchen and bathrooms, although there may be a common
If you’re like many people – whether or not you’re an investor – you’ve heard of triplexes. They’re less common than duplexes are, but for many owners, they’re an exceptional investment. Here’s what you need to know if you’re asking, “What is a triplex?” What is a Triplex? A triplex is a building with three
As an investor, you know that it’s impossible to do too much homework on a property – but it’s definitely possible (and risky) to do too little. This guide covers 15 things you should look for when you’re buying a multifamily property in Silicon Valley, and you can use it as a checklist to
Get Your Finances in Order Before you even begin searching Silicon Valley homes listed for sale or multi-family homes for sale online, make sure your finances are in order. This will most likely be the biggest purchase of your life, so you must cover all your bases. Examine your current financial situation and
When you’re ready to buy a multifamily property in Silicon valley, whether you’ll rent out each unit or occupy one while renting out the others, you’ll need to follow a specific set of steps to get to the closing table. The purchase process for multifamily properties, including duplexes, triplexes and fourplexes, is different from
When you find a multifamily property that appears to be a great investment, your Silicon Valley REALTOR® will help you prepare an offer – but how do you put in a winning offer that sellers are ready to accept right away? This guide explains. Making an Offer: How to Get the Multifamily Property You