It should be a whole lot hotter given the current market.
There is no simpler solution to rising rates than using the in-place rents of your first multifamily to increase the buying power that rising mortgage rates have cut by at least a full third. The tax shelter of a multi family over any single is substantial and rarely considered by a first time investor. It absolutely should be when one understands investing in the right property type creates true assets to scale portfolios, freedom while developing legacy property for the people you love.
A step into the Way Back machine reflects my first toe step into property Investing .
Back then it was born both from an innate understanding of the value of starting up this road , and out of necessity , My first multifamily home purchase required the help of family members for the reserves the bank required at the time and then the Sweat equity that continued to bond us while increasing the property’s value and my pride at realizing what i had begun with all their help .
I remember early on , I would need to scrape together beer money at the end of the week:)
This is the real barrier to entry . willing to do what it may take , ask for help and learn all it takes to grow your property investing instincts is quite hard work that many simply will not endure,
The benefits are the connections i have strengthened through the support I received and the time and effort I gratefully gave back to the people who helped me and my family start an investing journey
I now love hearing how investors started , struggled and overcame themselves to begin to truly grow. Most smile at the experience because they came through while it strengthened them as investors , I see it as a quiet , well earned badge of honor along their journey.
This investment road is one of the simplest yet most difficult to undertake . The returns are dramatic for those who commit to this lane over an easier Single family property . The first investment property is the toughest , they all get easier from there as one investment property helps fund the next larger while building tax shelters and plenty of quiet returns.
Many of the Investors who started humbly as we did, have moved up into commercial level multifamily and the hands off Triple Nets to cap off their journey’s.
Here’s hoping you Find your your right place and the path that works for you :)
Tim White
Senior Property Investment Specialist
CBA | Commercial Brokers Association
SRS l Sellers Representative Specialist
GBREB l Greater Boston Real Estate Board
CREMASS.COM C 617-817-4782

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