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Updated about 2 years ago on . Most recent reply

User Stats

25
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6
Votes
Isaac J Mork
  • Rental Property Investor
  • Bellingham, MN
6
Votes |
25
Posts

What would be better for long term rentals?

Isaac J Mork
  • Rental Property Investor
  • Bellingham, MN
Posted

What would be better for long term rentals?


single family homes or multi family 

Most Popular Reply

User Stats

482
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767
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Matthew Kwan
  • Lender
  • Seattle, WA
767
Votes |
482
Posts
Matthew Kwan
  • Lender
  • Seattle, WA
Replied

The traditional true definition of househack would apply towards multifamily. However, if you are in a expensive market like CA, NY, WA etc it would be hard to own a multifamily nowadays which is why everyone is leaning towards untraditional househack on single family. I personally prefer multifamily where it tends to depreciate more and has its own separate electric meters vs single family you need to split it with the tenants. However, single family is more affordable where the numbers feasible and realistic to achieve + cashflow while living there. @Carlos Valencia @Albert Bui

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