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Consider investing in Multi-Family Property

July 12th, 2010 12:16 PM

As many of you know I am an advocate of Multi-Family properties as part of your investment portfolio. I am myself an Owner-Occupant. My four-plex has proven to be a winner! There are many good income property buys out there at the moment.

Call me and let's discuss how to make this a reality as one of your investments. I offer free property analysis and have a good handle on how to identify the best multi-family investments.

This story from the Wall Street Journal concentrates on National Markets. However, in the Anchorage and Eagle River areas, the military continues to keep the rental market strong. Other factors contributing to the fitness of our rental market include hospital workers and UAA Students.

remember, my business is built on referrals. If you know of anyone who needs professional Real Estate services, please have them consider me.

Michael j. Droege, Prudential Jack White/Vista Real Estate - 907-230-3372 www.MichaelDroege.com - mjdroege@gci.net

Daily Real Estate News | July 9, 2010 |

Rents Rise as Apartment Vacancies Fall
Apartment vacancies were down and rents were up last month as people got tired of living in their parents’ basements and rented a place of their own.

Nationally, the apartment vacancy rate was 7.8 percent at the end of June, according to research firm Reis Inc., down from 8 percent in the first quarter.

Rents rose 0.7 percent from April to June, the largest quarterly gain in two years.

The advantage hasn’t returned "completely back to owners right now," says Hessam Nadji, managing director at real estate firm Marcus & Millichap. "But we're well under way to see that balance shift back."

Source: The Wall Street Journal, Nick Timiraos (07/08/2010)

Posted by Michael Droege on July 12th, 2010 12:16 PMPost a Comment (0)

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