People all over the world are investing in commercial real estate and becoming successful at it. Steven Taylor Landlord alone has invested more than $500 million and made a name for himself in Los Angeles. If you’re considering real estate investment, you may be wondering which route to go. Businesses tend to come and go, but people always need a place to live. Of course, there are several other reasons to consider investing in multi-family properties.
It Is Easier to Finance
It’s no secret that purchasing multi-family property is often more expensive than other types of commercial property. What you may not know is that multi-family properties like apartment buildings are also much easier to finance. It is even easier to finance than a single-family home in many cases, and this is because an apartment building is almost guaranteed to create cash flow. When cash flow is guaranteed, the lender can be sure it will receive its money back.
Property Management Creates More Skills
Sometimes, people decide to purchase apartment buildings because they genuinely enjoy managing properties. If you enjoy getting to know your tenants and ensuring they are happy with your buildings, you will enjoy property management. This also creates skills such as communication abilities, money management, and even landscaping if you prefer to take care of your own lawns. Of course, there is no rule stating you need to manage your own properties. You can always hire a management company to do it for you, leaving you to handle nothing but the investment portion of the job.
You’ll Grow Your Portfolio Faster
When you purchase multi-family property, you can grow your portfolio more quickly. One property with 20 units is a faster portfolio builder than three properties with only one or two storefronts each. It’s also easier
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So you’d like to do something fancy for your backyard, but you’re intimidated by big projects like adding a pool. A deck would be nice, but once you get to researching stains and finishes and adjustable deck supports and balusters and what-all, you feel like you might be in a little bit over your head. While you go through the time and preparation it’ll take to make major improvements, get your confidence up by executing some small fun changes that will make you feel all handy and competent.
Let There Be Light
Scatter some solar lighting around your yard, planting some in grass and stringing more in trees and bushes. There’s no cord to plug in, and if they don’t work, you can blame it on the weather. If you do have an outdoor outlet, drag some Christmas lights from the attic and deck your patio for a festive look year-round.
Made in the Shade
Got one tree? Hang a hummingbird feeder to provide some daytime entertainment and also give you some caring-for-the-animals cred. Got two trees? Hang a hammock between them to give yourself a new way to enjoy nature and a nap. Got no trees? Your hammock dreams can still come true with a freestanding model, but look for one that comes with some overhead coverage if you don’t want to roast while you relax.
Keeping Your Seat
How long have those sad faded cushions been hanging out on your outdoor furniture? Have birds raided them for nest material by now? Invest in some new seat bases and backs to immediately brighten your patio or lawn presentation and offer seating people will want to actually sit on.
It doesn’t take much to give your yard a facelift. And the more you’re able to spend pleasant time in your