Why should you buy multifamily properties when prices are HIGH?
Apr 4, 2022
1 min read
You may ask why I just told people to sell, but in the next blog post I am telling people to buy.
SCARCITY
There are only so many good locations and good buildings that exist. If you cannot create inventory, you need to buy the good ones when they are available. Prices are high now, but it is maybe the only time that you will be able to get a big (30+ units) building or a trophy property by WPI or on the West Side.
When Smart Landlords and Owners Sell
Smart landlords and owners only sell at a couple of times:
What they perceive as the top of the market
When they die
When they can buy something better
The key here is you need to know what you are buying and have a plan to make it work for you long term.
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