Multi-Housing Investment
We use the term 'multi-housing' for any building of 5 units or more.
This type of revenue property brings in much greater revenue, as much as 8%.
With the drastic increase in prices of duplexes, triplexes and fourplexes over the last few years, multi-housing (5 units and more) properties have become much more attractive as a real estate investment.
There are several advantages to this type of investment:
- You can use your home equity or personal savings to make the 15% down-payment required.
- Costs related to the purchase, financing (interest) and management of the property are all tax deductible.
- The cost per door of a multi-housing building can be only 50% of the cost per door of a smaller property. Ex: Fourplex $400,000 = $100,000 per door. A 16 unit building $800.000 = $50,000 per door.
- The underwriters evaluate the financing risks based on the rental revenues not on comparable sales.
- The underwriting process is based on the profitability of the building and not the financial status of the buyer.
Let the experts at Multi-Prêts Brossard guide you in your real estate investments. We make sure that our lenders not only offer you the best financing conditions available on the market, but a fast service that will allow you to seize investment opportunities as well.
