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What is multifamily property?

MRI Software

Property managers with these properties in their portfolios will need to know how to navigate the unique challenges and rewards that come with managing homes for multiple families. What is a multifamily property? These units are designed for residential use, with each functioning as a separate home.

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Understanding the difference between a condo and a multifamily residence

MRI Software

By understanding the pros and cons of each property type, youll feel confident making a decision that aligns with your goals. A condo, or condominium, is a privately owned unit within a larger multi-unit building. Condos are typically financed like single-family homes, with similar down payments and mortgage terms.

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How to get land zoned for multifamily

MRI Software

These properties can take various forms, including apartment complexes, duplexes, townhouses, or condominiums, offering a range of housing options for different demographics. Investing in multifamily properties can generate higher cash flow compared to single-family homes and often results in greater long-term appreciation.