With so many different economic headwinds blowing like a hurricane, right now feels like a bad time to buy OR sell real estate.
Of course, how things feel rarely indicates how things are in reality, which is why the bulk of this email will break down why now is still a great time to buy…Especially, if you’re interested in acquiring a multifamily building.
Buckle up—this is going to be an uncomfortable email whether you’re a buyer or a seller.
Today we’re talking rising interest rates, plummeting mortgage applications, slowing sales, and the specter of declining prices.
Today, I want to share some personal anecdotes about dealing with ADUs (as well as some wild before and after pictures), but I also want to address something that’s one everyone’s mind:
An ADU is an attached or detached residential dwelling unit that provides complete independent living facilities for one or more persons and is located on a lot with a proposed or existing primary residence. It shall include permanent provisions for living, sleeping, eating, cooking and sanitation on the same lot as the single family or multifamily dwelling is or will be situated.
This week, we’re getting a bit more sophisticated in our investing conversation.
Specifically, I want to introduce you to:
Tenant Stagnation
1031 Exchanges
The Boot
HELOCs
SB9
Without further adieu, let’s dig in!
In this newsletter, we’re talking multifamily property—the first in a two-part series. Part #1 (this email) will cover some more foundational “need-to-know” concepts like larger down payments, low-rent tenants, and more.
If you’ve been paying attention…
…to my last few newsletters, you know that I don’t believe this market is in danger of collapsing—there are so few similarities to the crash of 2008 you should feel completely safe jumping in.
In this newsletter, we’re looking at some WILD data that will definitely ring alarm bells for some of you. We’ll also talk about sliding transaction volume, rising rents, and what exactly defines the current shortfall in housing supply.
Everyone loves a bargain
Especially me.
There’s nothing more satisfying than buying something of tremendous value at a tremendous discount.
In this month’s newsletter, we’re looking at what buyers and sellers can expect in 2022 (especially first-time home buyers).
