If you’re thinking about buying a multi-family property in Silicon Valley, which may be a great investment strategy, there’s a certain way to go about it. Here’s what you need to know. Buying a multi-family property is different from purchasing a single-family home. You’ll likely have to secure special financing (unless you’re buying with cash),
An owner-occupied property simply means that the property owner lives in one of the units as a primary residence while renting out the rest. For many people, this is a smart investment strategy – essentially, the tenants pay the mortgage (in a roundabout way), and you can use the money to make improvements or other
A fourplex is a building that contains four separate housing units. The units can be side-by-side or stacked on top of each other, but most often, they’re a combination of both. There aren’t shared common areas in a standard fourplex; each residence has its own entrance, kitchen and bathrooms, although there may be a common
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