What Is a Multi-Family Home? What to Know Before You Buy One

If you’re considering buying a multi-family home, here’s what you need to know before jumping in.

“When you’re looking at a multi-family home, you have to think of it more as a business: What will the needs of your tenants be? What kinds of income will it produce, and what will your expenses be?” elxeneize/Shutterstock

By Beth Braverman Bankrate.com

Multi-family homes can be a great way for novice real estate investors to get started. They’re also a popular option for extended families to live under one roof. However, these properties, which contain multiple units for more than one household, have some challenges that single-family homes don’t have.