Residential real estate is considered to be all single family homes and properties with up to 4 units (Duplex, Tri-plex & Quadplex). Residential real estate means you can acquire standard bank financing and can be considered your primary residence as long as you live in one of the units.

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Purchasing a property like a tri-plex is a great way to get your home paid off by someone else. You can live in one of the units and rent the other units out while using that income to pay most or all of your mortgage. This basically allows you to live payment free (no mortgage or rent) and have the balance of your mortgage paid by others.

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Another very popular option for rental investments is the famous AirBNB rentals. You would basically purchase a property with 1-4 units and then rent it out short term to guests via websites like AirBNB, VRBO, Expedia, etc.. This can be very lucrative. As an example, a house that you would normally be able to rent out for $1,500/month, by renting it out short term, you could charge $100/day be able to make potentially $3,100 per month (Pending occupancy rate). Not every property is able to be rented short term, they must be approved by the city before deciding to purchase a property for short term. We can assist with all those tasks, to minimze your risk and maximize your profit.

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So, whether you are buying a house to rent out annually or short term, or you’re buying a multi-family property up to 4 units, residential real estate has it’s grand rewards. If this sounds like something you would be interested in learning more about, feel free to reach out to us, using the contact form below and we will gladly work with you one-on-one to determine if residential investments are in your future plans and the best way to go about it.