Coachella Valley and Palm Springs Apartment Investments
If you’ve been dabbling in the world of real estate investments, chances are you have considered or at least heard of multi-family buildings as an option. Now our Palm Springs real estate investment professionals are here to shed some light on what this could mean to you—the investor!
What Does “Multi-Family” Mean?
“Multi-family” is exactly what it sounds like, which means a multi-family building is a building built for multiple family to dwell. A building which provides five or more residential units is considered a multi-family building. Because multiple tenants occupy the building at one time, multi-family building owners often feel more secure in their investment since people are always in need of a place to live.
Why Should I Consider Investing in a Multi-Family Building in Palm Springs?
Depending on your budget and long-term goals, it may be beneficial to consider investing in a multi-family building in Palm Springs. Here’s why:
- Similar to multi-tenant commercial buildings, multi-family investment opportunities are often a safer bet as you, the owner, are not dependent on one tenant for income. Instead, this income is spread out between all the tenants. This is a way to secure income even if one person leaves, so you are never 100% vacant.
- Multi-family buildings are not as cost prohibited as commercial buildings, so an investor doesn’t need as much to get started from a lending perspective. This is because lenders understand that people always need a place to live but do not necessarily need a place to do business. NOTE: These buildings typically require 20%+ down and are not the same as a duplex, triplex or fourplex – those are residential and can be down with as little as 5%)
- Multi-family building investors often feel more secure since there is always a need for a place to live, but a business can always close.
Interested in Finding an Apartment Complex for Sale in Palm Springs?
Let Done Deal Real Estate Investments be your guide to securing a Palm Springs multi-family building that will meet your short-term and long-term financial goals. Remember, our job is to hear your needs and help you determine a plan and property to execute that need.
