How to Find Deals in a HOT Market with Rick Bean - CREPN #51

The Multifamily property marketplace is HOT.  Rick Bean with Rose City Commercial Real Estate explains what it takes to compete in a compete and How to find deals in a HOT Market.

Return on investment is the goal of every investor.  The stock market is not providing the desired rate of return, so where do investors go?  Foreign markets are not providing a positive return, so where do foreign investors go?  

They go to the US Multifamily Marketplace

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Since the collapse of the mortgage market in 2008, demand for apartments has risen sharply.  Projections show more of the same for the next couple of years.

The collapse of the mortgage market forced homeowners who lost their home into the renters market.  Some potential buyers have decided they are no longer interested in being burdened by a mortgage, or do not qualify for a bank mortgage to buy a single family home.

How to Find Deals in a HOT Market

Buyers wanting more options to chose from are turning to working with Commercial Real Estate Brokers that look for Off Market Properties.

Additional tactics used by aggressive Buyers in order to gain an advantage with Sellers is to make the deposit go hard right away.

For more contact Rick 

PH:  503.577.1034

EM:  rick@rosecitycre.com

Web:  www.rosecitycre.com