10/12/2023 0 Comments Dual family assetsAnd having that layer of privacy could make for a more harmonious arrangement. The benefit of buying a multifamily home is that you’ll have the option to live together, but separately. But living in shared quarters is easier said than done when you’re talking about, say, two grown adults with children plus those children’s grandparents. Sometimes, family members move in together to help one another out, or save money on housing costs collectively. It can also help you pay off your mortgage sooner, thereby saving yourself interest over the life of your loan. That rental income can then help you cover your property ownership costs, or simply increase your cash flow. When you buy a home that can house more than one family, you get the option to rent out whichever units you don’t need for your own family.
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