Are you thinking about buying an investment property in Las Vegas? If so, have you considered buying a fourplex?
If you’ve not considered buying a fourplex before, this article will provide you with several reasons why a fourplex makes a fantastic real estate investment.
Why Buy a Fourplex?
More Doors Equals More Income – The first reason to purchase a fourplex in Las Vegas or elsewhere in the United States is the simple fact that when you have more tenants. You will have more income on a monthly basis form one rental property compared to the income that you would earn from owning a single-family home.
Great Financing Options – When you purchase a fourplex you may be able to qualify for an FHA loan if you plan on living in the property. With an FHA loan you can purchase a property for as little as 3.5% down and that means you can become an owner for a lot less than you think!
House Hack – If you plan on living in the fourplex you an effectively have all of your expenses covered on a monthly basis because you will obviously be receiving rent from the other three units when they are occupied.
Great Practice for Bigger Owning Larger Multifamily Properties – Last of all, but most important, when you buy a fourplex you will be gaining excellent experience managing a multifamily rental property and you can rely on that experience when you purchase a bigger multifamily rental in Las Vegas or elsewhere in the United States.
Learn More About Las Vegas Property Management
One of the best things you can do when buying a fourplex or single-family rental property in Las Vegas is hire a property management company to professionally manage that property for you.
Property management will save you the time, money and hassle of managing your rental properties yourself.
Learn more about the services we can offer you by calling us at (702) 903-3556 or click here to connect with us online.