Monday, 29 February 2016

Is Multifamily Real Estate Worth the Investment? NRIA Explains

Plenty has been written about the investment potential of single family homes, but what about the potential of multifamily properties? Is it wise to go for duplexes, quadruplexes and buildings with bigger apartments or is it better to buy ‘small’ housing units? National Realty Investment Advisors, LLC is here to explain the long-term investment potential for multifamily real estate along with its biggest challenges. 

Pros of Multifamily Real Estate Investments 

Lower Rents  
It is a widely accepted fact that rents are lower in multifamily units, and hence favored by tenants as compared to single-family homes. This means a bigger percentage of people will be interested to live in your investment property. So, even if a tenant decides to leave, you will find the next rather quickly. 

More Negotiating Power 
Buying a small piece of property doesn’t give you much negotiating power. However, if you are investing in a big real estate project, then there are strong possibilities you can receive a discount. Hence, if you are planning to invest in multiple single-family homes, think about owning just one multifamily unit in a brilliant location. 

Multiple Rent Sources 
With multifamily residential, you have multiple sources of rental income. There is only one in case of single rental property. This means you will have to do without any rental income if a tenant cannot be found. In short, risk of zero income is far less if you buy a multifamily building.

Managing a multi-dwelling unit is easier as compared to managing multiple independent homes in different locations. The reason is pretty clear, tenant conflicts and maintenance will be restricted to only one location. 

Cons of Multifamily Real Estate Investments 

Management Challenges 
A bigger property needs more time in terms of maintenance. Tenant search becomes a bigger challenge as well. This is common sense, and that’s why investors who don’t have time to spare invest in smaller homes. That’s a main reason investors choose to partner with professional property management firms, like National Realty Investment Advisors LLC.    

Selling Bottlenecks  
The market for buyers of a big property with multiple independent apartments is smaller as compared to single units. So, when it comes to selling your big real estate investment venture, there are not as many takers.  
Huge Investment 
Want to invest in a multi-dwelling unit? Obviously you will have to shell out more money. The larger the investment the higher the risk and some investors don’t like it. 

This was our assessment of multi-family homes, what do you think about them? Would you go for a property that requires a big investment or stick with a smaller one? Share your thoughts below, and let’s take the discussion further.

Interested in owning a rental home for minimum cash-in? Have a look at the unique real estate offering of NRIA.  

Monday, 8 February 2016

How to be a Successful Real Estate Investor?

Real estate can turn out to be your best investment if your chosen property comes with unique benefits. History says that most real estate investors turned bigger by finding and investing in the right properties at the right time. Timing therefore is crucial to succeed with real estate investment. So, it won’t be wrong to say that one needs to take care of more than one detail to become a successful realtor.

National RealtyInvestment Advisors LLC is here to share what is expected from you if you want to make a name as real estate investor. Let’s divulge what our experts ask you to do in this regard:

List Your Options

First of all, jot down the property investment options in hand. By listing options, we don’t mean that you have to write down every second plan that comes into your mind. Look at only those real estate investment options that look manageable. Collect information about upcoming projects through local agents, get quotes and call real estate companies.

Check properties listed online for sale in your area and if you find them good, visit personally to scrutinize living conditions and building. Only you know how much you expect to earn from an investment; so, only you can decide whether or not a property has the potential of generating expected income.

Understand the Market

Understanding of the present market conditions is the very next thing. When you list available options, you only judge them from the shared details.  To compare all of them, you require knowledge of market conditions, and also must know what the future has in store for a particular property. The spending power of buyers, changes in tax policies, inflation, recession, etc. are quite common factors that influence profits in real estate.

Gather information on the current market conditions and read what experts predict about future, recommends investment specialists at NRIA.

Question Your Financial Position  

Analyze your money power. Check if you are prepared to hold a property for a couple of years until the time is right and you are able to get right value. Real estate is a volatile market and nobody can predict the future precisely beyond six months or a year. You must have the ability to manage finance if the market turns hostile and selling off the property is not a good idea.  
Connect with Experienced Agents
Find out right people to assist you with your real estate investment. Professional and experienced agents can help you with selection of a property as per budget and other expectations.  The role of contractors is usually to make sellers and buyers meet but we all know about the ratio of genuine service providers. So, get recommendations from your friends and family as well. 
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National Realty Investment Advisors, LLC takes care of all the technical details and challenging aspects of real estate investment on behalf of its clients.   We locate and negotiate the hell out of only the best locations and wait until the bank approves of every detail of a deal to build equity rich properties.

From construction to finance, everything is accomplished in the presence of our team, which makes it possible for us to deliver huge profits in terms of rental income and resale benefits. Visit NRIA to know everything about our unique residential property investment plan.