Prices for multifamily real estate have been decreasing, and there are some motivated sellers out there who are willing to sell at prices that make sense for the investor.
The first-time home buyer tax credit can also be used for multifamily real estate. We're assisting a client right now who's in the process of buying a duplex. He'll be occupying one unit, while the tenant in the other unit will be paying his mortgage. And, he'll be able to claim the credit. Not bad.
You'll find our full report on the multi-family market on the economic trends page at DaneCountyMarket.com.
Have a good day,
Dan Miller, Keller Williams Realty and DaneCountyMarket.com
Tuesday, August 4, 2009
It's a good time to invest
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1 comment:
Any investment can be overpriced no matter how great its fundamental value or how secure its prospects. In the absence of a more thorough analysis, it's reasonable to suspect that investments in a market that has been rising for a long time are overpriced. In itself that guideline isn't a signal to sell, it is a signal to make a closer examination.
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