Acquiring Multi Family Real Estate Proves to Be a Smart Move During the Recession Things change during tough economic times. And in case you have not noticed-that is a pretty fitting description for where we are at right now. While many people thought we would see mass recovery by now, the fact of the matter is that as a whole. We are still hurting. Now having said that, if you are looking to make an investment, the current situation perfectly sets the stage to get involved in the acquisition of multi family real estate.Rent is on the Rise (In More Ways Than One) Here is an interesting yet not very surprising tidbit for you-during times of recession, more people choose to rent rather than to buy their own home. Of course, this makes perfect sense, since if you are facing financial uncertainty such as potential layoffs, you certainly do not want to get tied down to a mortgage and face foreclosures and other dire circumstances. Furthermore, statistics have shown that there simply are not enough apartment buildings in the nation to accommodate everyone who is looking to rent. The building process has not kept up with the population growth process. Shocking, isn’t it? After all, it often feels as if a multi family building is going up on every corner. Not hardly. So what does that mean to you, the investor who is interested in getting their hands into multi family real estate? Well, it means that: There is a higher demand for apartments to rent than there was in the past - You don’t have to be an economics professor to understand this simple fact-high demand is good for business. As long as the demand is for your product. And in this case, if you are getting into multi family real estate investing, your future is looking bright and your bank account has the potential to be filled. That is because, according to Greg Willet of MPF Research, national apartment occupancy is to go up over 90 percent in the next year. 90 percent. Need we say more? Rent will go up over the next year - As this trend of choosing rental over ownership, count on landlords everywhere to start hiking monthly rents. In fact, according to Willett rent across the United States should go up approximately 5 percent over the next year. Sure it is bleak news for apartment dwellers, but for someone looking to invest in multi family real estate…well, you get the picture. In particular, Texas is showing strong numbers for multi family home occupancy rates. Even better news for Houston investors.How to Get Involved You want a piece of the action-you know that. But you are not exactly sure how to get into it. And you certainly do not want to just jump in without having a firm understanding of what you are doing. Your best bet is to find a multi family real estate investment advisor. Look for someone whose goal is to educate you on how to locate, acquire, renovate, and manage apartment buildings. When you find this advisor, you will have your potential ticket to enter the world of possibly high occupancy rates and high rents. Learn more about real estate mentoring at WhyBuyApartments.Com.
Posted on: Tue, 15 Jul 2014 02:10:00 +0000
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