Multi-Family Real Estate for Niagara
Multi-family real estate are properties, such as apartment buildings, duplex, triplex and so on. Condominiums are also considered multi-family properties for some purposes. Real estate sales reps and brokers would list these properties in categories such as "multi-family", "investment", or "commercial”, as they are purchased for diverse reasons. However, condominiums, unless selling an entire project, are normally listed as "residential" properties. A family may buy one and rent out one side, which will be financed as a residential unit. An investor may buy one to rent out both units, thus financing it as a commercial property. The goal of owing Multi-family real estate is to lower your living costs or create a solid NOI. Net operating income is rental income of a property after operating expenses. These expenses would include all operating expenses, including maintenance, janitorial, supplies, insurance, accounting, management, etc.