If you are thinking about owning a piece of property to live in while wanting to have an extra section to help pay the bills, then you will find that there is an effective way to do it. Today, many people are considering the idea of buying a multi-family home, because this allows you to have your own space for you and your family while getting extra income from renting the other apartments. Keep in mind that as advantageous as this is, there are a few points that you have to consider.

The first thing to keep in mind is becoming a landlord will require some extra work. When repairs are needed, or a tenant does not pay the rent it can cause some unwanted worries. This being said it can also be a great way to start off allowing you to live, in some cases, rent free while getting monthly income to help pay down your mortgage.

Another point to remember is that when it comes to renting, is choosing the right tenants, you have to remember that you are in fact running a business, as you will be collecting an income from the home you are renting. Take the time to choose the right tenant, a credit check, otherwise you might find yourself in a situation where you will be losing money if your tenant does not pay up at the end of the month. If you are willing to put in the work, purchasing a multi-family home can be a great way to invest.

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Date: 07/26/2015 Time: 1:00 PM to 3:00 PM  
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WONDERFUL new home nearing completion in Claypit Hill area of Wayland. Come see extensive, custom, interior & exterior mill work. If you like hardwood floors, you’ll find gorgeous 3.25 inch oak on all three finished living areas but baths & laundry. NO CARPET. Cook’s kitchen faces east to capture morning sun. Custom center island w/microwave has a generous overhang for stools. Off white custom cabinets have pull out shelving. Appliances are stainless steel THERMADOR. Family room w/fp is very open & visible from the kitchen & a great area for entertaining. MAGNIFICENT spacious & sunny fireplaced master bedroom suite with an exciting, soaring & angular ceiling treatment. 2 large walk-in closets. Master bath features double vanity, soaking tub & separate custom tiled shower. 2nd floor cathedral bonus room leads to finished 3rd floor with more beautiful hardwood floors & a separate half bath.This is a wonderful new energy efficient home. Final landscaping, with patio, is being completed.

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