The deal, according to the government, would raise sugar costs in the area because US Sugar and Imperial Sugar frequently compete for contracts with manufacturers
Alipay+ will help make GCash, TrueMoney, Touch'n Go, and AlipayHK payments acceptable in South Korea.
The original Karaage-kun specialty whisky is made specifically by the Liquor Museum to pair with Lawson's flagship fried chicken.
Samsung launches its credit cards in India with the aim of encouraging repeat purchases and increase sales.
IG will receive brand visibility at both venues of Tottenham Hotspur Stadium and Wembley in hosting games in London.
Employees of the banks habitually talked with coworkers, clients, and other third-party advisers about business concerns using personal messaging apps.
Walmart enters Roblox to open its Walmart Land Metaverse and attract the younger generation of shoppers.
Voyager Digital announces a successful bankruptcy auction of its assets with FTX US as the winning bidder.
Do Kwon is facing Interpol arrest after a red notice was issued to locate him over Terraform Labs' collapse.
The key selling point of this system is the ability to remotely manipulate digital avatars from a computer, camera, and microphone at home
With the integration of live streaming, the NBA app would offer a data-driven, tailored experience that collects team and league material.
5 Tips for Investing in Multifamily Real Estate
Whether you are new to real estate investing or looking to diversify your portfolio, multifamily properties are a brilliant way of boosting your income. Nevertheless, you still need the right strategies to make this investment a great wealth-building tool. Here, we look at five tips for investing in multifamily real estate.
Valuate your investment
You need to mitigate your risks as a real estate investor, and the best way to do this is by pre-anticipating the worth of your investment. Take time to run your numbers and figure out how much a multifamily property will make you by:
Figuring out your cap rate. Utilize the cap rate formula to determine how long it will take to make a return on your investment. The general rule is to aim for a cap rate above 5% but below 10% as this is the optimum yield range. To use this formula, you will need to know the property’s value, expected yearly income, and estimated maintenance costs.
Finding your 50%. If you do not have all the data needed to determine differences between your expected income and expenses, use the 50% rule to know your safety net. This formula works by taking your expected income and halving it to estimate your safe income.
Calculating your cash flow. Estimate how much money you will have left behind by subtracting your monthly mortgage from the property’s net operating income. This will help determine if the investment is worthwhile or not.
Consider the market trends
Never underestimate the power of market analytics, as this is your platform for determining a particular area’s current supply and demand. If you do not have the knowledge to crunch up those figures, use a real estate professional to help you in making a smarter decision.
Location is everything
In real estate, location is everything, and finding a multifamily apartment in a strategic area is the most crucial step you can make. Take time to look for high-growth areas that are increasingly attracting more families to appeal to more renters. This will help you have low vacancy rates and make more from your investment over the years. You will also have a competitive edge if you ever decide to switch to new property investment.
Expect the unexpected
As a real estate investor, you need to be prepared to manage the unexpected whenever you invest in a property. Even the best-performing markets are subject to declines, and factoring in these unplanned scenarios will help you handle them better. A best practice for managing unexpected situations is to put aside 10% of your expected rent to help cover events such as extended vacancies and unplanned repairs.
Make property improvements
The real estate market has become super competitive, and to keep attracting high-value tenants, you need to appeal to them with a well-maintained property. Aim to offer top value by making the right upgrades and keeping your property in top-notch condition at all times.
Multifamily properties are a great investment vehicle, and with these tips, you can make the most of your opportunities.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes
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