They say that analyzing real estate investments is all about location, location, location. But what makes a location a location. With this article, I hope to impress upon you the absolute importance of vetting the neighborhood wherever you might have an opportunity to invest in a multifamily project as a passive investor. The syndicators can do a lot with a property, but not much can be done to the surrounding area. If that area is a relatively bad one, say like what I call a war zone, even the best syndicators will have trouble turning a property around and making it make money for you. Identifying demographic patterns is all about trends that increase the likelihood of success – or doom a project from the start. After all, a multifamily venture is all about maximizing the quantity of units rented yet at the highest rent per unit.
Continue reading “7 Smart Hacks For Analyzing Real Estate Investments – Using Data to Verify Profit Potential”What is Passive Real Estate Investing?
Passive real estate investment income characteristically comes from income streams that are fairly automated. The investment you make, whether it is in stocks, mutual funds or the real estate market, entitles you to an ownership stake that pays distributions, dividends or other classifications of income on a regular basis. Further, you usually do not have any management responsibility for that investment, as that role is taken on by others.
Continue reading “What is Passive Real Estate Investing?”