Joe Fairless

One key consideration when purchasing property is how to hold the title. This decision can have significant legal, financial, and tax implications . Joint title ownership is a common choice among couples, family members, or business partners. Understanding the different ways to take joint title to a property can help ensure that the ownership arrangement meets your needs and goals. In this article, we will explore various methods of joint title ownership and their respective benefits and drawbacks. Joint Tenancy with Right of Survivorship What is it? Joint Tenancy with Right of Survivorship (JTWROS) is a popular form of joint ownership. Each owner, or "tenant," has an equal share of the property in this arrangement. If one owner dies, their share automatically transfers to the surviving owners. Advantages Avoids Probate: The automatic transfer of ownership bypasses the probate process, ensuring a swift transition of property rights. Equal Ownership: Each tenant holds an equ...

Multifamily investment refers to purchasing and owning residential properties that house multiple families within separate units. These properties range from duplexes and triplexes to large apartment complexes with hundreds of units. Investing in multifamily properties has become increasingly popular due to the potential for steady rental income, diversification, and long-term appreciation. Types of Multifamily Properties Small multifamily properties typically include duplexes, triplexes, and fourplexes. Due to their lower purchase prices and financing options, these properties are often more accessible to individual investors. Small multifamily investments are ideal for beginners looking to enter the real estate market. They offer a manageable way to gain experience in property management and rental operations while providing a steady income stream. Medium-Sized Multifamily Properties Medium-sized multifamily properties generally consist of buildings with five to fifty units. These p...

In 2022, economic uncertainty continues to loom due to factors such as inflation, fluctuating interest rates, and the ongoing impacts of the COVID-19 pandemic. Multifamily real estate offers stability that other investments might not provide during these volatile times. Unlike single-family homes, multifamily properties generate income from multiple units, reducing the risk associated with vacancy. Even if one unit is vacant, the income from other units can cover expenses and maintain cash flow. This stability makes multifamily real estate a safer investment option than more volatile assets like stocks or cryptocurrency. Additionally, multifamily properties typically experience steady demand, as housing is a basic necessity. People will always need a place to live, and renting remains a popular option for many, whether due to financial constraints, lifestyle choices, or the desire for flexibility. This consistent demand helps to ensure that multifamily properties continue to generate ...