Despite the benefits of owning duplexes, fourplexes, and various other plexes in Novi, the average real estate investor only owns two rental units. If you take into consideration all of the landlords that manage properties with eight, ten, or even more units, that means many investors only have one property!

One of the most significant roadblocks to multiple-unit ownership is the cost of acquiring more than one property. When you pile the hassle of managing multiple properties on top of that, the challenge becomes insurmountable for many investors. Investing in Novi multi family homes may be one of the easiest ways to overcome these and other challenges. 

If you only have one rental property, multi family units may be the easiest entry point to doubling, tripling, or quintupling your investment income. If you’re on the fence between purchasing a single family or a multi family unit for your Novi portfolio, you may want to give these productive assets your time. Here’s why.

John D. Rockefeller's words have never been more valid than they are now: "The major fortunes in America have been made in land." Whether you're on your way to becoming wealthy—or are already there—real estate investment is a powerful vehicle to help you reach your destination. As a professional Plymouth multifamily management company, we know that your portfolio makes you an integral part of the Plymouth economy!

• Multifamily real estate investing is an opportunity to get more bang for your buck—as well as gain access to a wider market.
• Owning a multifamily property means that several considerations are consolidated to one central location.

For example, no matter the amount of units, there is only one location that needs landscaping or maintenance. This helps remove unnecessary complications and streamline your business.

Of course, those are just a sample of the benefits that investors can expect from choosing to diversify their portfolio offerings with real estate. Regardless of where you are in your wealth journey, multifamily properties can be a great way to reach your destination! First, it helps to know more about what multifamily ownership can be like—and how to get there.

Jumping into the real estate investing world can be intimidating at first. However, like every new venture, research, planning, and the right connections are the building blocks to a sound financial investment. Real estate investment properties have steady earning potential, and can be an excellent first investment when you partner with a Novi property management professional!

• Single-family properties are the most popular investments for first-timers.
• They are more commonly available in the marketplace because someone is always looking to sell.
• The single-family home can be rented out for income, and the investor can pocket the profits after expenses.