A proven winning real estate strategy
If you’re interested in trying to make a living from real estate investment, it will no doubt not have escaped your attention that it got a lot harder over the last few years!
But fear not, if you have a winning strategy and the self-discipline to stick to it, you can still do it. Here’s how…
You need a solid strategy. One of the most successful real estate companies around is Lightstone Real Estate Group.
It has a winning formula, which goes something like this:
- Always target value-added investment opportunities in growing markets which demonstrate high barriers to entry.
- Search for properties that will provide you with a competitive advantage that may not be available or obvious to other investors.
- Specifically; seek out properties in distressed situations with owners who really need to sell – no matter how low the market is heading. Auctions may be a quick route to this for individual private investors.
In retail real estate, go for property with a good community and powerful retail centres with a minimum of 50,000 square feet of rentable space dating from 1980 and later, with strong anchor tenants, good market demographics and good visibility and access.
Multi-family residential developments can also make excellent investments if the basics are right. Go for apartment blocks with multi-family properties which include gardens.
If it’s industrial property you’re interested in, go for single or multi-tenant warehouse/distribution centres built over the last 30 years or so.
Above all, try and make sure the structure is sound, that the yield figures make sense (even allowing for contingency) and that the basic appeal of the place (demographics and economy) are likely to remain appealing for the foreseeable future.
Do your research before you buy, checking out opinions on online resources like David Lichtenstein’s blog, before making any big decisions.