Three Pre-Purchase Real Estate Investment Considerations

 

Ashcroft Capital
Image: ashcroftcapital.com

Frank Roessler founded and leads Ashcroft Capital, a real estate investment firm based in Westwood, California. As managing principal of the company, Frank Roessler has curated a portfolio worth over $170 million, featuring properties located throughout the state of Texas.

When professional investors consider acquiring a new multi-family real estate asset, they look at a wide range of factors to determine the profitability of the property, including the three listed below.

1. Location. Where a property is situated is arguably the most important factor to consider before making an investment. A property that is surrounded by a quality neighborhood, is within a reasonable distance to amenities, and is near a good school system is more likely to attract reliable tenants.

2. Time commitment. A lower-quality investment property can be obtained at a reduced price, but may require a professional to dedicate much of his or her time to managing the troubles that accompany it. The best real estate investments don’t require an exorbitant amount of attention to maintain.

3. Degree of risk. While all investments come with some degree of risk, an investor should seriously consider risk factors like a property’s potential for appreciation, the amount of equity he or she is buying into, and the cash fluidity of the investment before making the decision to purchase.

Advertisement

These Cities Are Prime for Multifamily Real Estate Investment in 2017

Multifamily Real Estate
Image: forbes.com

An MBA graduate of the Anderson School of Management at UCLA, Frank Roessler is a former asset manager for M&A Real Estate Partners in Westwood, California. Today, Frank Roessler stands out as the founder of Ashcroft Capital, a real estate investment firm with a portfolio of multifamily properties located across the state of Texas.

According to an article published by Forbes earlier this year, many of the best cities to invest in multifamily or single family housing in 2017 are located in the southern half of the United States. Among the top cities for housing investments are Dallas, Texas, at number one; Jacksonville, Florida, in the number two spot; and Orlando, Florida, ranked third. Two additional cities in Texas made the top 20 list for best housing market potential this year, with Fort Worth ranking ninth and San Antonio ranking 20th.

In addition to a growing demand for multifamily housing, 2017 is also expected to bring rent growth to some cities, primarily in the western and southern parts of the country. Oakland, California; Las Vegas, Nevada; Dallas, Texas; and West Palm Beach, Florida are all expected to see increases in rent prices for tenants within the next year.

The Advantages of Multi-Family Real Estate Investment

Multi-Family Real Estate
Image: investopedia.com

Ashcroft Capital, LLC, founder Frank Roessler began his career with a degree in electrical engineering from Bucknell University and an MBA in real estate finance from the Anderson School of Management at the University of California, Los Angeles. Frank Roessler’s company, Ashcroft Capital, specializes in multi-family real estate investment.

Multi-family real estate refers to properties such as apartment buildings that house more than one family unit. Single-family properties refer to a house or a condo intended to house just one family unit.

Multi-family real estate properties may indeed be a wise investment for changing times. The current generation of potential renters or homebuyers is having a more difficult time achieving high-paying jobs than the previous generation, and it has some of the highest levels of debt from student loans of any preceding generation. A full 57 percent of those currently under the age of 34 in the United States are renters. This generation is much more likely to rent in a multi-family unit than to buy a single-family home.

Ashcroft’s strategy is to acquire multi-family properties and add value through renovations and improving operations. Since the company was founded in 2014, it has acquired properties all over the U.S., especially in metropolitan centers with low vacancy rates and consistent rent growth. A recent success was the Woodglen Village Apartment complex, which has exceeded its projected return expectations and maintains occupancy above 95 percent.