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Newport Beach, CA 92660
When most people think about investing in real estate, they consider duplexes and single-family homes. Many people are under the false impression that money saving strategies like fix and flip, and no money down is only available when buying single-family units. In fact, these same options are available when purchasing multi-family units like apartment buildings. Purchasing an apartment building is often the wiser, more cost effective choice. An apartment building can be easier to occupy, less time-consuming, and can also be the most efficient way to make the most of your investment.
With the demand for houses increasing in today’s market, developers have the power to price these new properties as they see fit. Many people cannot afford to pay the $1,200.00 mortgage that comes along with the increased price of the home and look for a more affordable way to live. In this scenario, multi-unit apartments, with their lower monthly rent, may be more appealing to buyers.
Additionally, demand for these apartments can increase the cost of rent. Even with an increase in the amount of rent that needs to be paid per month, the gap between mortgage payments and rent is significant, making apartment buildings a more affordable option.
Momentum Property Management Group is well versed in Multi-Unit Property Management and can alleviate the stresses that come with ownership, including but not limited to placing tenants and filling vacancies. We will secure high-quality tenants with our comprehensive marketing program.
Momentum Realty Group was founded by Karl in 2009 to help others achieve the dream of ownership and peace of mind. With over a decade’s worth of experience in real estate, Karl designed Momentum to break the mold of the traditional brokerage model and put primary focus of all transactions on the “why” of his clientele.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman