Apartments are a great investment during the current Real Estate market. Many people that are having their homes foreclosed upon, are moving back to what they are comfortable with and that’s Apartments. Vacancy rates are falling in ‘C’ class apartments which means values are rising, at least in our apartments anyway!
Speaking of foreclosures, there are quite a few apartments being foreclosed on too. Many people have asked me, “Anthony, why would I buy an apartment complex if so many are being foreclosed upon?” My reply, “Just like SFH’s there are Apartment owners that get in over their heads. They don’t take the necessary steps to put in the right tenants and get rid of the bad tenants quickly. Some don’t put the necessary money back into the property to keep it looking nice and up to date. They just siphon off all the profits and before you know it their vacancy has jumped, the value has dropped and it’s time to refi their mortgage. It’s the ultimate trifecta. The complex no longer qualifies for the same financing and the owner finds themselves upside down and the bank may foreclose on them.”
What a great opportunity for those of us that have the knowledge and experience to capitalize on this situation!! If you miss this RE market tsunami you’ll be kicking yourself in a few years.
Learn how and why you should be investing in Apartments. I’ve taken my very popular 1-Day Apartment Investing Workshop and put it into a 6-week webinar series. The class starts anytime you’re ready to go because they’re self-paced. Plus, you can watch the videos over and over again to let all the great information sink in.
The complete 1-Day workshop webinar videos (all 6 sessions) & corresponding workbook downloads with ‘live’ property analysis is yours for only $99 for a limited time. Regular price is $299. If you’d like to ‘try me out’ first, then click on the “Free 1-Hour Apartment Investing Training Audio” section in the upper right hand area of our Home Page, enter your name and email address and I’ll send you the first hour in audio format absolutely free.
Order your copy today of my 1-Day Apartment Buying Workshop and start learning how and why you should be investing in Apartments right now. For ordering information, just click on the ‘Success Store’ tab above or send an email to Support@SuccessClasses.com.