1.) Compared to other property investments (office, retail, industrial, etc.), it is easier to find tenants for apartments. Everyone needs a place to live.
On return on investment...
2.) Your rental income will help offset your expenses such as your loan, taxes, maintenance - all while building your net worth!
3.) When buying apartments, look for properties offering the greatest number of rental units (within your financial and ability to manage). Larger apartments bring greater profit per dollar invested due to spreading maintenance and repair expenses over more units. Keep in mind, it may be more difficult finding financing for apartments more than four units.
On current market demand...
4.) Rents are increasing partly due to the increased price of homes. This increase has stopped people from qualifying for a purchase loan.
5.) We've observed an increase in out-of-town buyers investing in the Fresno multi-family market. Markets in other metro areas, such as the Bay Area and LA Area, have become more and more expensive. Investors are selling their properties and exchanging in more affordable Fresno properties.
