If you say the word "investing" these days, people tend to shudder and run in the other direction. Investing has become almost a curse word because we've all seen our stock portfolios evaporate. What people don't realize is that stock investing is a self-fulfilling prophecy and the only way many people will survive is by doing something else. I advise apartment investing.
When stock investments do well, everyone wants in and that popularity drives the price higher and higher. But then the market folds and everyone jumps out of the stock because it begins to become unpopular. And because people think the stock will become unpopular, they sell and the stock price falls, thereby becoming unpopular! That's what I mean when I say that stock investing is a self-fulfilling prophecy.
So, to be perfectly honest, as long as the majority of people think that there is going to be a recession, there is going to be a recession. But that doesn't mean that money can't be made. I believe that 2009 is going to be the year of the apartment entrepreneur. Here are 5 reasons why this recession is the perfect time for apartment investing.
1. Interest rates are at all-time lows. It used to cost a lot to borrow, but not anymore. If you need to borrow money from a lender to fund your investment, you can get that money for low interest rates. Sure, not everyone can get loans right now, but if you can, you can get money cheap!
2. There is plenty of inventory. Lots of multifamily apartment owners may have jumped in when the market was hot because they wanted an investment but with the market going south, they may not have the time, money, or desire to keep up with the workload. Bottom line? Lots of people are putting their apartments on the market which drives down prices and gives you more choice.
3. There are more renters. During strong economic times, people want to buy homes. But when the market is weak and homes are being foreclosed left and right, those people need a place to live. That's an increase of renters for you to fill your apartment with.
4. There is lots of money from investors. People might be scared off of investing with stocks, but they want to invest in something. One of the reasons that the stock market is so low is because people are holding their money out of the market, looking for something else to put it into. The right presentation to an eager audience will help you to find the funding you need.
5. The workforce needs work. Millions of people are out of work and looking for a job. As a successful investor who needs contractors and laborers, you have the pick of a hardworking and motivated workforce. Pay them a fair wage but you'll benefit because they will work for less than if there were fewer people vying for the same work.
Author Resource:-
Lance Edwards is living proof of his mantra that you don't have to "graduate" from single family to multifamily - you can start with multifamily; using none of your own money and not dealing with tenants and toilets. For FREE information, visit http://www.ApartmentWealthMachine.com.
![[Valid RSS feed]](http://www.freebie-articles.com/images/rss.gif "XML Feed For RSS")
Category Rss Feed
Print This Article
Add To Favorites