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In this episode, host Scott Dillingham discusses the differences between single-family property investing and multi-family investing. He highlights the benefits of single-family investing, such as easier entry into the market, the ability to sell the property quickly, and the potential for appreciation. He also explains the advantages of multi-family investing, including higher cash flow, potential cost savings on repairs and renovations, and the ability to leverage CMHC financing. Dillingham recommends starting with single-family properties and then transitioning to multi-family properties as your portfolio grows.
Takeaways
- (00:00) - Introduction
- (01:30) - Should You Get Into Investing?
- (10:15) - The Advantages of Multi-Family Property Investing
- (15:29) - The Importance of Property Management
- (19:13) - Transitioning from Single-Family to Multi-Family Investing
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Takeaways
- Single-family properties are a good starting point for new real estate investors due to easier entry into the market and the ability to sell the property quickly.
- Multi-family properties offer higher cash flow potential and potential cost savings on repairs and renovations.
- Consider hiring a property manager to handle tenant issues and reduce headaches.
- CMHC financing can be a valuable option for multi-family properties, with lower down payment requirements and longer amortization periods.
- Start with single-family properties and transition to multi-family properties as your portfolio grows.
If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.