The Shakiba Report: What is multifamily real estate and is it right for you?

What you need to know before investing in multifamily real estate

HOUSTON – When it comes to real estate, have you heard of multifamily investing?

Find out what it is and if it's right for you.

Private Wealth Advisor with Ameriprise Financial, Trevor Shakiba, along with vice president of CBRE, Derek Fasulo share their take on the subject. 

THE SHAKIBA REPORT

MARKET UPDATE

  • China, tariffs and a possible global trade war
  • Uncertainty = votality
  • Do not panic, stick to your asset allocation and financial plan
     

WHAT IS MULTIFAMILY REAL ESTATE?

  • A property with 5 units or more
  • Market specific, but look for job growth, population growth and income growth 
  • Historical performance and outlook 
  • stability through recessions. people are always going to need a place to live. no technology will change that
     

PUTTING TOGETHER AN ALL-STAR TEAM

  • Critically important
  • Do your due diligence before you have a deal under contract
  • Broker, financing property management, insurance expert, etc.,
  • An all-star property manager is an absolute key especially if you don't have any experience 
     

HOW TO GET YOUR FIRST DEAL FINANCED

  • Once again you must have a good team
  • Find partners with experience if needed to get the first deal done
  • Financial strength, you must have 20%-30% to put down 
  • Investor networks -- lots of investor networks and meetups across town. get to know people who are also looking for deals. Get to know the brokers around town
  • Look for deals with in place cash flow day 1


CURRENT ECONOMIC CYCLE AND INTEREST RATES 

  • Recent trends show job growth and population growth 
  • Interest rates were just lowered and still very much historically low; good time to lock in long term fixed rate loans
     

To connect with Derek just e-mail him at Derek.Fasulo@cbre.com 

For more information or to request a complimentary consultation with The Shakiba Group, click here or call 281-724-9917.

The initial consultation provides an overview of financial planning concepts. You will not receive written analysis and/or recommendations. 

Sponsored by The Shakiba Group