Real Estate Riches: 10 Strategies for Profitable Property Investments

8. Multi-Family Homes

Investing in multi-family homes, like duplexes or apartment buildings, can be a smart way to scale your real estate portfolio. These properties can generate multiple streams of income and offer economies of scale.

Owning a multi-family home can also provide a safety net; if one unit is vacant, you still have income from the other units to cover expenses. However, these properties can be management-intensive and may require a significant initial investment.