Smart Money Resides in Multi-Family Housing

By
Real Estate Agent with Lanham & Associates, Inc., dba Real Estate Recovery

Smart Money Resides in Multi-Family Housing. Figures from the Wall Street Journal showed that the investment return on multi-family buildings averaged around 5.8% in 2007. In 2010 that average return had moved up to 7.1%. We're likely to see more than 8.0% for 2011. That's no surprise with the increase in short sales and foreclosures. People still need a place to live.

The average investor is ...likely to hold one or several buildings ranging from 4 to 25 units. Often, a group of individuals bands together in order to buy their first building. As they see the tax advantages, and as they continue to accrue their 7% or greater return, they often continue to work together to build a larger portfolio of multi-family properties.

Multi-family property continues to sell at a multiple of its earnings.

 

Use this link to search for Multi-family homes in Fort Lauderdale, Pompano Beach, Wilton Manors,Oakland Park, Lauderdale-by-the-Sea, and Miami Beach. http://www.lanhamassociates.idxco.com/idx/8813/advancedSearch.php?idxID=390&pt=mfr

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