Multifamily...

[Rikard Lorén]

Hi !

I have been listening to Ken McElroy audio books, he talks about real estate investing and why MULTIFAMILY investing is the best investment, I STILL have problems to translate his meaning of the words "Multi family apartments" to swedish/what that would mean in my language, as far as I know, he have been talking about 1:st floor and 2:d floor when talking about renters, for example: that old people rather want to live on the 1:st floor instead of the 2:nd floor, he never talks about 3:d or 4:th floor for example, so that means it's only max 2 floor on the buildings he talks about? and I now know that "1 apartment building" can be 1 building, splited to for example 4 properties" so when he says "building" does that mean that he mean a BIG building? or 1 building divided into 4 properties ?

All I want is just 2 know what type of apartments to look for... could u guys help me :( ?

*Hints*

e-book *Ken McElroy "The advanced guide to real estate investing"
quotes:

*residents prefer the 1:st floor over the 2:nd floor
*Multi Family apartments buildings
*150 unit complex ( in my mind, I see a big building with like 10 floors that got 15 apartments on each floor ) but that's not a "FAMILY APARTMENT?"

family apartments is like a house, but u renting it, right ?

I know my text is messy but if someone could explain for me WHat Buildings Ken McElroy is talking about, that would be GREAT. Thank you !

[Brandon Turner]

Hey Rikard Lorén I'm a big fan of Ken, so hopefully I can help.

He is referring to buildings that have more than one rental unit in them. For example, I own a property that has 24 rentable units in them. This is called a Multifamily Property, which means multiple different families can live at the same building. Sometimes, like with mine, those buildings are separate from each other, but because it is one "complex" with one loan, it is still considered a Multifamily Property.

Hope that helps!