What’s the difference between investing in condos vs. multifamily buildings?
<p>An <strong>apartment</strong> typically refers to a suite of rooms forming one residence, in a building containing many similarly structured units.</p>
<p>A <strong>multifamily building</strong> is a rental apartment building where the entire building (and all of the apartments inside it) is under the same ownership. These are more commonly just called “apartment buildings.” A multifamily building can have two apartments or it can have 200. Multifamily buildings are very common in US cities, but quite atypical abroad.</p>
<p>In London, for example, multifamily buildings tend not to exist. Instead, nearly all buildings are condominium projects and individual investors or occupants own each of the units and either rent them out or live in them. This is more akin to what we refer to in the U.S. as a <strong>condominium</strong>: an apartment that is part of a building where each apartment has a different owner.</p>
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