Single family homes are a great vehicle to reaching financial freedom! A single family home is a stand alone residential house. Single family homes are highly profitable due to the high demand and easy ability to rent and sell the property quickly.
Here are 8 reasons why single family homes in Indianapolis are the best investment strategy!
- There Everywhere
-Over 55% of the housing inventory in Indianapolis are single family homes. There are over 95 million single family homes in the United States. Single family homes are everywhere!
2. Easy to Understand
– Single family homes are easy to understand. There simple and a straight forward investment.
3. Easy to sell and rent
-Single family homes are high in demand. Many people want to own or rent a single family home. The American Dream is the white picket fence and the big back yard for the kids to play. Most people want to raise their family in a single family home.
4. Financing
-Most banks and credit unions finance single family homes every single day. The traditional finance method of getting a loan makes it very simple and easy to get a loan to purchase a single family home. Leverage is a great way to scale your portfolio and purchase as many properties possible.
5. Cash Flow AND Appreciation
-Single family rentals cash flow range between $100-$200. A Lease option has a cash flow of $300-$600 cash flow. Single family homes appreciate in value every year more than multi family and apartment complexes. Single family homes appreciate between 3-5% on the rate of inflation. Single family homes in major markets including New York and California appreciate 3-6% or even more every single year!
6. Easy to Manage
-Single family homes are easy to manage. A good property manager can manage a single family home usually without any problems. Property managers want to manage a property that does not require a headache. Single family homes have one tenant unlike multi family. Single family homes also attract high quality tenants who take responsibility and pride in renting a single family home.
7. Increase Equity
-Single family homes can be improved to increase the equity in the property. Cosmetic renovations can drastically increase the value of a single family homes. Simple renovations including the kitchen, bathroom, flooring, baseboards, paint and curb appeal can bump your properties value to market value.
8. High Quality Tenants-
-Single family homes attract high quality tenants. Tenants in single family homes usually take better care of the property than any other residential property. Tenants also tend to stay 3-5 years decreasing tenant turnover and vacancy.
Talking Real Estate Investing in Single Family Homes! 