Investing in triplex properties comes with a number of advantages. These include more than a few in tax benefits. For one thing, you can write off maintenance costs and repairs. You can also write off the depreciation for the rental units. And, for anyone who wants to begin investing in larger, multi-family, a triplex makes for the ideal starter property. In fact, the benefits of a triplex investment property may often outweigh any downside.
A triplex consists technically of one, multi-family property that includes 3 separate units. And, it often allows for more tenant options, such as family members sharing the units among them. Also, as the owner, who may choose to live in one unit, you have not one but two added units bringing income.
Benefits of a Triplex Investment Property in Nearly Any Market
Renting out all three units of a triplex makes for high return on investment (ROI). Naturally, triple the amount of one unit creates a quicker recovery of the ownership costs involved. It can also create a profit watershed, without the headaches that come with owning larger multi-family real estate. For example, the benefits of a triplex investment property include the characteristics of one roof, one yard or other common areas. And that makes for repairs and maintenance, more efficiently done on a smaller scale.
Owning a triplex property and as a landlord comes with added advantages. If you pay utilities as the landlord, then you can write off the utility bills for the rental units. And when it comes to selling your triplex property, its ‘mid-size’ in multi-family real estate makes it a hot choice. Add to that it has higher potential ROI than a single or duplex. At the same time, it has lower potential maintenance and management issues compared to larger properties. On another interesting side note, a triplex property allows the owner to build equity much faster than they could on their own. All these benefits of a triplex investment property attract plenty of attention, from potential buyers.
Many other benefits come with investing in triplex property. Would you like to know more? Are you interested in the Los Angeles or Orange County markets? Contact an area multi-family property expert. In fact, contact them at the LaRoche Team. Why not give them a call today?
Many other benefits come with investing in triplex property. Would you like to know more about them, in Los Angeles and Orange County markets? Contact an expert. In fact, contact them at the LaRoche Team. Why not give them a call today?
