As you're considering investing in real estate, a thought crosses your mind: should you transform your current home into a multi-family property or buy an existing one? It's no coincidence you're thinking this way—it's a question many first-time and seasoned investors grapple with. Both options present unique opportunities and challenges that significantly impact your investment journey.
Converting your single-family home can provide additional income while keeping the comfort of familiarity. However, it also has its fair share of complications and construction costs. On the other hand, buying an existing multi-family home eliminates construction hassles but might require significant upfront capital. Here’s what to know about the pros and cons of
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