CAREER INVESTORS WILL ADAPT
Affordable housing will continue to be in high demand. I fear it continues to be less affordable where fixed income cannot afford the most basic of housing. Inflation adds to this concern. Our business model does not change much if we are in a good, bad, or ugly market. We plan to purchase long-term rentals with our analysis being under current market rent in the event we need to lower rent to keep great long-term residents. We keep most of our properties in the affordable housing market. We are typically a low debt company, but with inflation, we have taken on some debt to help hedge inflation. HIGH DEMAND FOR AFFORDABLE HOUSING
Starting in the third quarter of 2023, I’m predicting a once-in-a-lifetime opportunity to make a fortune purchasing real estate at bargain basement prices. The opportunity will stem from the collapse in the value of office buildings and their retail components, resulting in massive foreclosures and plummeting prices. The current average occupancy rate of office buildings nationwide is below 50%. In my opinion, it will never stabilize above 65%, causing drastic decreases in values most likely below the principal amount of the mortgage. The key to success will be finding creative ways to repurpose the vacant space into residential uses. However, the opportunity will need to be evaluated on a building-to-building basis. OFFICES WILL PLUMMET IN VALUE
We are riding the wave in Connecticut. We have attained a higher volume of closings in 2022 over 2021. The per unit prices in urban areas are normalizing, while Class A and B are holding steady. The interest rates are in a “normal” range. Career investors invest in any market and adapt their strategies for successful acquisitions. Working with a full-service real estate team (like the Lisa Cozzi Team) will be more important for new and seasoned investors alike to ride the ever- changing wave and create a recession proof strategy.
CAREER INVESTORS INVEST IN ANY MARKET AND ADAPT THEIR STRATEGIES FOR SUCCESSFUL ACQUISITIONS.
WE PLAN TO PURCHASE LONG-TERM RENTALS.
I’M PREDICTING A ONCE-IN- A-LIFETIME OPPORTUNITY.
Lisa Cozzi Berkshire Hathaway Home Services Hartford, CT Connect with Lisa
Adrian Smude Mobile Home Investor Owner of My Wife Buys Mobile Homes
Sam Liebman, CPA Author of Harvard Can’t Teach What You Learn from the Streets Read Sam’s Book
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