A multi-family home is a property that has more than one unit, hence the name “multi-family”. The smallest multi-family property is a duplex which contains two units. After that you have triplexes and four-plexes and so on. Now you’re asking yourself, is this considered more valuable because you can now rent out to multiple people? Does this give you more room for profit? The pros I will be going over include passive income, valuation potential, and lowered risk. The cons I will be going over include competition, cost, and maintenance. So tune in and find out whether multi-family properties are a good investment for you or not!
Allon Avgi is the Founder and CEO of AVGI. Allon started AVGI at 21 years old when he acquired his first real estate investment in Long Island, New York. Allon has since developed a diverse real estate holdings company that has reached $50,000,000 in rental properties within only 4 years using his own money and that of a select few individuals. As he starts to open AVGI’s investments to outside capital and build strategic partnerships, he has ambitiously set a target to acquire and manage a $1 billion real estate portfolio by the time he is 30 years old.