adriana.ostapenko
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Have you thought of your goals and the things you want to achieve this year?
Is it a long term or a short-term goal?
Whether it's a long term or a short-term goal, the good thing is you are making plans for yourself and your business. You are thinking of countless possibilities, sales, and even profit.
Well for me, I am thinking of expanding my knowledge, my network and thinking of venturing my business to different locations. Those are my goals, and I will work hard for it, so by the end of this year, I do have something to look back and see if I was able to attain it.
As with any real estate purchase, your success is directly related to one thing: location. You can have a great property that you rehabbed with the latest and greatest appliances. Still, if it resides in an undesirable location, you will have a difficult time finding tenants.
Here are 5 Key aspects to understand regarding LOCATION with Multifamily Investing
Employment rate- the percentage of the labor force that is employed in area
Construction level- the number of units being built in the area
Vacancy Rate- The percentage of units that are not currently occupied by a tenant
Average rent rate- the average amount a tenant pays to live in the area
Average price per unit- the average cost of a single unit for the buyer
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