Investment real estate requires a business plan. To make a successful acquisition, the investor must formulate a strategy, execute on the roadmap and let fact-based data inform the decision making process. Whether you are new to real estate investing or looking to reinvest proceeds from a prior transaction to further grow your equity, keep these investment real estate best practices in mind before signing a purchase and sale agreement.
While much of the new multifamily inventory hitting the marketing is Class-A product, the development of affordable housing units is declining slightly, according to the National Council of State Housing Agencies. For investors and developers with an interest in the multifamily market, there are affordable housing credits and incentives available to minimize the risks and maximize the returns of engaging in this market.