“We believe the apartment market is set to explode, with steadily rising rents and occupancy that will justify new construction,” said Economist John Burns, Real Estate Consultant.
Why is John Burns bullish on the apartment market?
1. Pent-Up Demand: We recently calculated 3.4 million units of pent-up household demand, which is the aftermath of the recent recession and lackluster recovery. The largest segment of this demand is young adults, who have either moved back in with their parents or taken on roommates. We expect this demand to materialize over the next few years, with most of the demand entering the apartment market because of the inability to qualify for a home loan and uncertainty over their employment status.
2. Modest Job Growth: Job recovery has been slower than expected which is keeping unemployment high. This uncertain recovery is enough to convince consumers that renting is far safer than taking on a mortgage. We believe job growth will approach 2% by 2012.
3. Government Policy: Nineteen years of uninterrupted and more aggressive government interventions toward home ownership is about to reverse itself. (More at www.realestateconsulting.com)
My colleague and Apartment Market Expert Michal Ballard has been experiencing this Market Explosion firsthand. His projects, as well as his studetns, are seeing double digit rent increases with extremely low turn-over rates and rising property values.
There are Four (4) Important Aspects to Michal’s Success in Apartment Market Investing:
1) Find the Right Markets (Not all Markets are Ripe for Apartment Deals).
2) Find the Right Deals (Make Sure Your Project has Immediate Upside Potential).
3) Find the Money for Your Purchase (This is a Biggie. You have to Learn How to Put ‘Money People’ Together).
4) Close and Operate Your Deal (The Forgotten Step – Deal Management).
Learn how to invest in the apartment market.
Learn How to Identify and Implement these 4 keys by Investing in the Apartment Market, Listen to Michal’s Professional Investors Webinar from April 25, 2012 (replay below). If you have questions, comments or ideas on how to profit from this lucrative real estate foreclosure trend. Comment below. We would love to start a conversation.
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