Daniel Stewart

What is the Best Time to Buy Multifamily Real Estate?

When you're ready to up your investment game, multifamily real estate provides a great challenge and even better rewards! With the potential for more cash flow and a chance to instantly pad your portfolio, it's not hard to see why these properties are in high demand.

But that begs the question: When is the best time to invest in multifamily real estate? Read on to find out!

Buying During the Holiday Season

If you're looking for the best deal possible, the cooler months are the way to go. Between October and January, fewer people are buying homes. Classes for multifamily investing often talk about October's notoriously low sales figures. Most people attribute that dip in interest to the holidays. Who wants to view properties and go through the sales property when festive cheer is just around the corner?

You can take the lack of sales activity to your advantage! Sellers are more likely to strike up a deal and lower the price rather than letting the property sit for several more months. It's a great way to save on your investment and get the ball rolling for the New Year.

Investing During the Spring and Summer

On the opposite side of the coin, we have the spring and summer months. Real estate kicks into overdrive during this time! Many people are on vacation or taking time off, so it's prime buying and moving time.

Competition can get pretty fierce, and bidding wars can end up driving the prices up much higher than they would be during the holidays. Despite all of that, summertime inventory is at its peak. There's usually a more extensive selection of properties to consider, allowing you to make an investment that's smart for you.

Another perk is timing. Moving occurs most in the transition between summer and fall. Schools are starting up, and many have leases that follow the academic year. By buying in the summer, you can prepare the property for showings to get new tenants in as soon as possible.

Invest in Your Future

Taking the leap of faith and buying multifamily properties can be a daunting task. But, it's an endeavor that can pay off handsomely over time. Take some classes for multifamily investing. That way, you're fully prepared and know how to make purchasing decisions that benefit your bottom line.

Author Resource:-

Daniel Stewart advises people about real estate, property investment, property management and affordable housing schemes. You can find his thoughts at assets management blog.