MARKET BREAKDOWN
THINK REALTY
Think Realty is a part of the Affinity Worldwide family of companies. Below, find exciting news about Think Realty and its sister companies.
NEWS & EVENTS
ORLANDO
What You Missed in Irvine, California Think Realty hosted its third national conference & expo of 2018 in Irvine, California, on July 14-15 at the Marriott Irvine Spectrum. Attendees gained access to the best in real estate when it comes to comprehensive resources, trusted and relevant tools, and real estate strategy, in keeping with the conference theme, Think Resources. Featured speakers included Carrie Cook of Ignite Funding, Sam Freshman of Standard Management Company, Linda Liberatore of
July 14-15, 2018 | The Marriott Irvine Spectrum THINK RESOURCES : Tech & Innovation IRVINE
Research Drives Deals in Orlando, Florida PINPOINTING OPPORTUNITY IN AND AROUND FLORIDA’S “MAGIC KINGDOM.”
Secure Pay One, and Bruce Norris of The Norris Group. The event was emceed by California’s Real Wealth Network CEO Kathy Fettke. Learn about future events in your area and access special insights from past events at ThinkRealtyEvents.com.
by Harding Easley, Account Executive at YardiMatrix.com
T he headlines about housing coming out of Orlando, Florida, are, to put it bluntly, a bit bleak:
FACTOR #1: Growing Population of “Active Adults”
Affinity REI Club Tackles First Investment Project
Recently, the number of age-restricted communities in and around Orlando has spiraled upward. As many as 1,041 units have been added just in the age-restricted, 50-or-more-units category, an increase of 26 percent in the past 4.5 years. Investor Takeaway: There is a demand for housing from the active adult population, and that translates to steady, skilled jobs for younger residents and an overall growing population in need of somewhere to live.
In February 2018, the Affinity REI Club, an investment club formed to give employees of Think Realty and its parent company Affinity Worldwide firsthand experience with real estate investing, made its first purchase. The property (left) is a brick Tudor in a local neighborhood the investors believe to be on the cusp of regeneration. The group is working with National Real Estate Insurance Group (NREIG), Affinity Loss Prevention Services (ALPS), Radius Renovation Group, and well-known designer Paul Helmer from Touch of Distinction on the project. Follow their progress on ThinkRealty.com or on Instagram #TotalGutJobTudor.
“Millennial Buyers Face a Tough Housing Market”
“Orlando Housing Market Heats as Home Prices Outpace Wages” “The Orlando Housing Market is Complete !*&% Right Now”
FACTOR #2: Steady Employment Growth in Certain Attractive Sectors
In the Orlando area, professional and business services, education and health services, and leisure and hospitality services dominate employment growth. The first two in particular offer steady employment at a solid wage and all tend to attract reliable, long-term renters.
American Real Estate Investors Gain Access to Spanish Market
Yes, that last one is a real headline.
In July 2018, Think Realty’s parent company, Affinity Worldwide, announced a partnership between LoanMLS and LEM Loan eMarket to create the first debt- buying and -selling portal in Spain. The new site allows American investors to browse hundreds of Spanish real estate notes and is designed to enable more physically distant investors to enter the Spanish market. For more information, access LoanMLS.com, www.loanemarket.com or email info@loanmls.com. Learn more about responsibly and legally investing in real estate notes in foreign markets on p. 92.
Investor Takeaway: Individuals moving into the area and most likely to need housing are more likely to to rent than own.
When the going gets tough in a given housing market, the return-oriented real estate investor takes a closer look for opportunity. Let’s take a closer look at three characteristics of the area surrounding “House of Mouse” and said mouse’s “Magic Kingdom” for that opportunity.
FACTOR #3: Constrained Housing Inventory
There is a need for more residential inventory, rentals and otherwise. Large multifamily developments’ (50+ units) occupancy rates have held steady at 96 percent for more than a year. The current inventory is hovering around two month’s supply. Five months is considered a “healthy balance.”
Don't miss our upcoming events!
Investor Takeaway: There is a desperate need for more housing in Orlando and the surrounding areas.
THE SAVVY INVESTOR’S SOLUTION TO ORLANDO’S MARKET EQUATION The Orlando area is going to keep bringing in new residents: retirees, who are living longer and have specific (and expensive) wants and needs for their housing, and populations who serve them. With single-family housing at an all-time low, the most bang for your investing buck could well be found in the form of upgrading existing multifamily to create higher cash flow or in new development of multifamily housing, age-restricted or otherwise.
September 22-23, 2018 | The Westin Buckhead Atlanta THINK PURPOSE : Investing with Impact ATLANTA
Think Realty Conference & Expo - Dallas February 16-17, 2019
8 | think realty magazine :: august 2018
thinkrealty . com | 9
Made with FlippingBook flipbook maker