Is Multi Family Investing All It's Cracked Up to Be as an Easy Money Maker?
You know that show, Mythbusters? They should probably do a stint on "Real Estate Lies and the Lives they claim". Okay, maybe that's a little dramatic, but there are myths running around in the real estate world that need to be dealt with; like this one....
Multi Family Investing is an Easy Money Maker
Investors just getting their feet wet, dream about investing in large apartment complexes and see it as hitting the big time. Experienced investors see multifamily as the next logical step. Basically, there is a lot to like about this business, and it could offer something for everyone. But there some myths, half-truths or outright lies about this business. There are. Do you know which are true and which aren’t? And are you correct?
Here are five myths and rumors that tell you why you should get started in multifamily investing right away:
And like most myths and fables. These can all be found in books and on the internet. Remember, everything you read or see, isn't always true.
The cold hard truth:
Point blank, if this is so easy, why isn’t everyone doing it? Investing in multifamily isn’t as easy as some want you to believe, but it is lucrative. Just don’t count your chickens before they are hatched. Are any of these myths true? Do you have any other multifamily investing myths?
Read More: Information on Multi-Family