Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income

while creating wealth for the long term. And now here's your, Marco Santorelli.

Welcome to passive real estate investing.

I'm your host, Marco Santorelli, and welcome to episode 116.

On this episode I wanted to do something a little different. I wanted to bring on an acquaintance of mine, a friend of mine named Michael who started off with single family home investing and moved up into larger multi unit properties.

Generally speaking, we refer to that as multi family real estate, but for all intents and

purposes, we're talking about apartments.

But I wanted to bring him on to give some contrast to investing in residential real estate,

the one to four unit properties.

So when we talk about multi unit properties,

we're talking about essentially two categories.

There's the small multifamily properties,

which are properties that contain two, three, or four units.

And then we're talking about large multifamily properties.

And those are typically properties that

are typically referring to commercial properties,

properties that don't qualify for residential or conventional financing anymore.

Now you're talking about commercial properties,

they fall under different guidelines when it comes to financing.

The appraisals are more complicated.

They're certainly far more expensive.

expensive.

...