These Cities Are Prime for Multifamily Real Estate Investment in 2017

Multifamily Real Estate pic

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.

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Get Started in Multifamily Real Estate with These Three Tips

 

Multifamily Real Estate pic

Multifamily Real Estate
Image: investopedia.com

Frank Roessler is the founder of Ashcroft Capital, LLC, a multifamily real estate investment firm based in Westwood, California. Frank Roessler plays a central role in all operations of the firm, including identifying investment properties in target markets.

Like most other real estate sectors, multifamily requires a certain level of industry-specific knowledge to ensure success. Here are three tips to help new multifamily investors boost the performance of their real-estate portfolios.

Start with single-family properties: Instead of diving straight into a multimillion-dollar multifamily investment, start with a smaller single-family home. Not only will you become familiar with the real-estate industry, but you will also minimize your risk profile early on in your career.

Network aggressively: Real estate is an industry built on professional and personal networks. Networking contacts can notify you of new investment opportunities or connect you with people in target markets, saving you both time and money. Always be on the lookout for networking opportunities and new contacts.

Stay committed: The most successful multifamily investors are the ones who devote regular time to real estate every week. Ideally, you should try to devote at least an hour to real estate every day. This will allow you to keep tabs on prospective properties and begin thinking like a savvy investor.