Many opportunities on the horizon for buy and hold investors

July was a record month for Dane County foreclosures, and August is shaping up to be another big month for new filings. Many of the recent foreclosure filings have been for multifamily properties. We're expecting to see more and more bank-owned multifamily properties hitting the market in the coming months - and some very good opportunities for those seeking to invest in buy and hold real estate.

In the near future we'll be organizing some informal sessions for anyone who has an interest in investing in multifamily real estate. We'll cover financing, legal issues, property management, the latest market trends, and strategies for finding and evaluating properties. We'll share some spreadsheet tools that make it easy to evaluate the economics of individual properties. Most of our time will be spent in the form of questions and answers, so you have time to address the items that are important to you. We plan to have a seasoned investor, a lender who specializes in investment loans, an attorney, and several real estate agents available to address your questions. These won't be high pressure sales seminars. Just an opportunity to share ideas and learn. We'll share more information about the Q&A sessions in the next few weeks. In the meantime, if you would like to start learning more about how you can get started in buy and hold investing, feel free to contact us. We'll be happy to meet with you and help you start moving forward in the right direction.

For related articles, check out our multifamily real state update and our monthly foreclosure update. You'll find both on the economic trends page at DaneCountyMarket.com.

Have a good Monday,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com