12 Oct #CREPN 26 Multifamily Markets – Primary vs Secondary & Tertiary with John Wilhoit Jr.
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Multifamily Markets – Primary vs Secondary & Tertiary with John Wilhoit Jr.
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John Wilhoit Jr.[/caption]
National publications about rent growth, vacancy rates and appreciation can make the news about Multifamily sound GREAT all over. The truth is; all Real Estate is local; the news in San Francisco, is not the same experience in Topeka.
Understanding the market; the demographics, characteristics of the neighborhoods are essential to any predictable outcome when investing in real estate. Without focused local knowledge, your chance of success is random.
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Listen to interview with John Wilhoit.
John Wilhoit has held positions with Maryland Housing Fund, AIMCO and HUD which provide him a tremendous background from which to draw from when assessing the different market tiers and their unique characteristics.Multifamily Markets – Primary vs Secondary & Tertiary Markets
“Who” are the people in the market? Primary Markets- What is population size of a Primary Market?
- What is the Median Income?
- How many Primary Markets are there?
- Where are the Primary Markets?
- What features in an MSA define a Primary Market?
- Return on Investment expectations in a Primary Market
- Is there mass transit?
- Is the city walkable?
Listen to interview with John Wilhoit.
Where are the 24 Hour Cities?
Secondary Markets- How far is a Secondary market from a Primary Market?
- What population size determines a Secondary Market?
- What is the employment picture?
- Is there an Airport or Sports Team in a Secondary City?
- What is the growth pattern like?
- Is there mass transit?
- Is the city walkable?
- How far is it from a Secondary Market?
- How many people live in the MSA?
- Does rent increase in a Tertiary Market?
- Is there a Walmart in a Tertiary Market?
- What opportunities exist in the Frontier Marketplace?
