From the course: Pre-investing: Before Investing in Real Estate
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The expansion phase - Microsoft Excel Tutorial
From the course: Pre-investing: Before Investing in Real Estate
The expansion phase
- With vacancies in many markets beginning to approach their lowest points since 2007, the transition from the recovery to the expansion phase has already taken hold. Now during the expansion phase we're going to continue to see occupancy begin to exceed the longterm average. And as vacancies drop, property owners will raise rent. For both commercial and residential real estate we're starting to see double digit rental growth in some markets right now. And since most real estate expenses are fixed, every dollar increase in rental revenue is going to mostly go towards profits. And with increased profits in real estate, that's going to attract more builders, more developers and investors who will want a piece of this growing profit pie. But you might ask hey, won't the laws of supply and demand kick in and curve the rise in profits? Yes, it will eventually but in real estate everything takes time, right. Building a new home or office or apartment takes time to build and actually bring…
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