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There simply aren’t as many houses available as there were before the pandemic. Now, let’s summarize these trends. You’ve got rising interest rates, rising inflation, a shortage of housing, higher demand for rental units, and rising rents. If you’re like me, you might see “right now” as one of the best times in history to acquire or control more multifamily property. In fact, you could call it a perfect storm of opportunity. And that’s not even considering some other actions you can take as a multifamily property owner to increase revenues. For instance, you can: Improve the property so you can earn higher rents.
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Put better management in place to streamline and save on expenses.
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Make your property more attractive so you can keep vacancies lower. And don’t overlook that you can use leverage to profit from 100% of the property—while investing far less than that—and you might agree that multifamily property is the best deal going. But before you run out and start buying more property, you should also consider… TREND #5: THE REALIGNMENT OF AMERICA You know the first rule of real estate: location, location, location. We’ve talked about real estate trends nationwide, but never forget that where you buy is critical. It’s tempting to buy in your own backyard because it’s easy to do so. But is that where the real opportunity is? Consider that, according to a May 26, 2022, Axios article, between
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Tradingeconomics.com | National Association of Realtors https://tradingeconomics.com/united-states/total-housing-inventory
July 1, 2020 and July 1, 2021, San Jose, California, lost 2.7% of its population; Chicago lost 1.6%; and New York lost 3.5%. Meanwhile, an April 27, 2022, Pods Blog noted that places like Sarasota, Florida; Nashville, Tennessee; and Tampa, Florida are among the fastest growing cities in America. So, it really pays to do your due diligence on where to invest. If you look around, you can probably find all the same stats referenced above specific to the area where you want to invest. Bottom line? In the right markets,
Grant Cardone owns and operates seven privately held companies and a private equity real estate firm—Cardone Capital— with a multifamily portfolio of assets worth
more than $3.6 billion. He is one of the top crowd- funders in the world, raising more than $740 million in equity via social media. Cardone is featured on Season 2 of Discovery Channel’s Undercover Billionaire, where he takes on the challenge of building a million-dollar business in 90 days. Cardone is also a New York Times bestselling author of 11 business books, including The 10X Rule, which led him to establish the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platforms Cardone created serve over 350,000 individuals and Forbes 100 clients throughout the world. Voted the top marketing influencer to watch by Forbes, Cardone uses his following of more than 15 million to give back via his Grant Cardone Foundation, a nonprofit organization dedicated to mentoring underprivileged and troubled youth in financial literacy.
consider doubling down on multifamily real estate. •
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