Multifamily properties are buildings that house more than one family. The fact that people always need a place to live results in consistent demand for rental units regardless of the overall economic environment.
Investing in multifamily homes can be lucrative if it's done properly. While you live in this property, you will be living either for free or heavily subsidized by renters. When you move out, you will be making money. In about 15-30 years, once this property is paid off, your cash flow will be quite substantial — just in time for you to start thinking about retirement. More over, many people also rent their multifamily properties to Airbnb, Homeaway, and VRBO guests. Leaving properties with less risk for damages since vacation rental guests are short -term.
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