6 Basic Principles To Understand About Owning Multi - Unit Houses!
Although, historically, owning investment real estate, is considered, a quality, relatively - safe, vehicle, it takes some knowledge, understanding, planning, and carefully, choosing the right/ appropriate property, to do so! After, more than 15 years, as a Real Estate Licensed Salesperson, in the State of New Orleans, and, someone, who has, on several occasions, invested in residential rental properties, Kirk Williamson New Orleans strongly, believe, it is important, and meaningful, for potential investors, to pay keen attention, to these 6 basic principles, about the realities, etc, of doing so, With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, these. 1. Down-payment, usually higher: When one purchases a multi-family house unless he lives there, lenders consider it differently, from the perspective of how much, down - payment, is required, if using a mortgage, as a part of the purchase. While, rules, and conditions, often, differ...
