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Updated over 4 years ago,
Multi family or no?
It seems like multi families are suggested as the way to go for passive wealth building....And it also seems like most multi families (4 units or less) are geared towards lower income.
So what are you guys renting these places for? And what is your mortgage cost?
In my area, I see the retail cost of a multi family is still high. It’s a sellers market. And it’s not worth what I’d get in rent, since most are lower income.
So what’s the secret that I’m missing?