Igor Krivoruchko Shares What You Need to Know About Multifamily Real Estate Investments
Multifamily real estate is an appealing investment to many who love real estate, said Igor Krivoruchko. Igor Krivoruchko has been involved with real estate ventures in 1999, and he is well acquainted with the pros and cons of choosing to invest in multifamily real estate.
Ultimately, multi-family homes have disadvantages and advantages just like any other type of real estate investment. It’s important to know what you’re getting yourself into and whether multifamily real estate investing is the best fit for you and your lifestyle.
Here are Igor Krivoruchko’s top pros.
PROS OF MULTIFAMILY REAL ESTATE INVESTMENT
Multifamily real estate investment is a great way to grow your investment portfolio, said Igor Krivoruchko. Since it returns big returns quickly, multi-family homes can build wealth rapidly with less time and energy than you would put into separate units.
“When you choose multifamily real estate, insurance is made much simpler,” said Igor Krivoruchko. For people who don’t like to juggle insurance policies on multiple properties, this is a great perk. Instead of opening multiple policies, you can use one policy across all units.
There is also great long-term value in multi-family homes, Igor Krivoruchko said. Since they have the potential to generate more income and are considered forms of investment, they typically have stable long-term growth and don’t fluctuate in the same way single-family homes on the market do.