http://www.uli.org/emerging-trends/emerging-trends-in-real-estate-2013/
For those of you that have followed my blogs, special reports, white papers and have come to any of my seminars or training classes, you know how I feel about this concept of buying multifamily property in emerging markets.
Dallas/Ft. Worth? Texas? Huntsville, AL? These are the up and coming emerging markets? Says whom?
Here’s the truth.
There are deals to be had in every market. You don’t need to look half way across the country to find a great opportunity. Unlike with prophets – you actually can be honored in your own land (Biblical reference for those that did not pick up on it).
The bigger question is – Will you be able to own and operate a property that is 1,000 miles away? What experience do you have running an ice cream stand in the next town over versus a multi-million dollar property that is a three-hour plane ride from your home?
Nevertheless, when you are looking to buy a property, you need some great tools that will help you be able to put together an argument as to why that market is where your investors should be putting their money.
Not only must you tell a great story about the deal, you also have to tell a great story about the marketplace. I just came across a great resource. You must add this publication to your research list – Emerging Trends in Real Estate 2013. You can download it and start using the great information right away.
Where do you put this info? For those of you looking to raise private money, this info should be in your offering memorandum. We include one in our Internet Deal Finder program. Read more about it here.
