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Get Rich Education

65: What’s Better? Single Family Home or Multifamily Apartment Investing

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3602 Ratings

🗓️ 8 January 2016

⏱️ 33 minutes

🧾️ Download transcript

Summary

#65: There are numerous pros and cons of both Single Family Home Investing vs. Multifamily Apartment Investing. What’s better for you?

At the end of the show Keith selects which one he believes is better for 2016 and 2017.

Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities.

Listen to this week’s show and learn:

01:18  Single family homes attract better tenants than apartments. Here’s a new way to think about this.

04:16  The best investment that Keith plans to make in 2016 is next month’s Investor Summit At Sea.

09:56  Property cost.

10:19  School district.

10:53  Interest rates.

11:15  Here in 2016, it's now easier to get loans for more than 10 single family homes.

11:55  Property Maintenance, Utilities, Property Management.

14:22  Cash Flow, Location.

18:33  Tenant quality, tenant psychology, tenant turnover.

22:02  Appreciation rates in both property types.

23:00  Management fees, asset liquidity, your level of control.

26:56  Exit Strategy - your options for selling both property types.

30:09  Keith selects which property type he thinks is better in 2016 and 2017.

Resources:

GetRichEducation.com/Events - Learn about The Real Estate Guys Investor Summit At Sea.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

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Transcript

Click on a timestamp to play from that location

0:00.0

Get Rich Education is brought to you by Norrata Real Estate Investments and Mid-South Homebuyers.

0:10.7

Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires

0:22.7

than anything else and can provide you with more wealth and happiness than you ever thought

0:28.2

possible. Now, here's your host, investor, entrepreneur, business owner and educator, Keith

0:36.2

Weinhold.

0:45.6

Welcome to Get Rich Education, Episode 65. I'm your host, Keith Weinhold, and I'm back to help you think about investing in ways you've never thought of before and improve your

0:50.8

wealth. Thanks for being here. I appreciate you. Four episodes ago, I did an entire

0:56.7

show on how your stock market returns are zero. To get a real return, you often need to

1:03.9

directly invest in something real. Success for real estate investing often comes down to

1:09.9

property management, so just consider this.

1:13.1

When renting a single family home, you can typically get a better quality of tenant than you can

1:19.4

with a multifamily apartment building. Therefore, you can make the case that single family home

1:25.4

tenants are easier to manage from that perspective. When you rent out

1:30.1

an apartment building, it's often more difficult to find a good tenant because arguably a smaller

1:35.9

pool of renters will want to accept those less private living conditions. Well, in an apartment

1:42.9

with a lower quality of tenant, it just takes

1:46.6

one loud, disruptive tenant, or just one tenant engaged in a legal activity or drug activity

1:53.7

in your building to spook the neighboring tenants into wanting to move the heck out, okay,

2:00.2

because everyone lives relatively close together.

2:03.0

All right? Say you can hear that loud noise or whatever through the walls, okay? One unit's bad

2:08.6

dog alienates every unit in the building potentially, okay? Well, with single family homes,

2:15.2

you don't have that problem. One loud tenant, I mean, they might not even be noticed by others because the residents are spaced far apart. Okay, one problem single-family home tenant, they're probably just not going to alienate any of your other renters, okay? Plus, the single-family home that is next to your single-family rental, that's probably not even owned by you. So, yeah, plus the single family home that is next to your single family rental,

...

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