Vacancy rates are at a low ebb in Denver and I think that multi-family housing is getting some new attention from investors. There seems to be available lender money for the right amount of down payment and the terms seem are reasonable compared to years past. I believe that some investors may feel that the stock market is likely to slide, and may want an asset backed investment instead.
Today, I was fortunate enough to spend the day with a client looking to make a purchase on an apartment building. I've done a lot of research over the last couple of years to prepare myself just in case I could help someone with this type of purchase. I've been reading book, studying the metrics, collecting financial analysis spreadsheets, and talking to people in the business. I would love to do more of this in the future.
I think multi-family real estate investments are especially good for someone with an interest in teaching their offspring a business. You can teach your kids how to deal with people, basic accounting, basic construction, contracts, property management, and more. How great would it be to give a multi-family investment to your heirs that is mostly/completely paid off, and have them trained to oversee operations!
For more information about this call Todd Groth 720.203.9624, or look us up online at www.BevGrothProperties.com
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