Written by Bryan Haines, Vice President, Commercial Real Estate
Owning multi-family real estate has historically proven to be a sound investment, and it continues to be, even with the changing economic environments. However, buying and holding multi-family real estate as an investment is a business—in order to be successful, you need to approach it as you would any other business venture. You should have a business plan that analyzes your strengths, weaknesses, opportunities, and threats. Without developing a sound plan, you open yourself to unnecessary risks down the road.