One of the best and safest ways to build wealth is through real estate. But there are many ways to invest. I have bought and sold single-family rentals, duplexes, and triplexes. I have also made forays into vacation rentals. But, far and away, my favorite investment in the real estate space are multifamily apartments. Here are seven reasons why: Multifamily Apartments Offer Economies Of Scale With a single-family rental property I have one stream of revenue coming from one resident. I have one roof, one water heater, and one HVAC system for the house. When I buy my properties, I protect myself by buying positive cash flow properties, but often times the cash flow goes right back into the hou
Everybody is talking about hacks these days. It's nice to discover those little tricks that make life easier. Personally, however, I want the big hacks. The hacks that change my life. My personal journey has gone from a house hack to a rental, and then to several rentals and then multifamily. It's been a great experience. Now I focus on investing in three different assets: multifamily communities, storage, and mobile home parks. I love the diversity they give me. I can invest across the country in different markets and own different assets that non-correlate in some respects. This has been my method of saving for retirement and building a portfolio that provides passive income. And so far it
