Riding the Markets with Presidential Confidence
groundswell assets
passively invest in multifamily real estate reduced taxes. equity growth. quarterly cashflow. portfolio diversification.
Aloha and Happy Monday!
As we observe President's Day and honor the legacies of our nation's leaders let's reflect on the fact that we are privileged to live in the greatest country on earth. Despite the many waves of change and challenges our country may face, Groundswell Assets remains committed to our mission of providing outstanding multifamily investment opportunities.?
Our Chief Investment Officer, Joshua Christensen, has written a comprehensive guide to submitting a winning Letter of Intent (LOI).?14 Steps to Multifamily Acquisition - Step #7 Submitting an LOI.This is an essential step in our acquisition process, and I encourage all of our partners to give it a read.
We've seen some interesting developments in the past week. Employment numbers have shown huge gains and unemployment rates have dropped to a new low, which is great news. However, there is some concern that if employment growth continues at this pace, inflation may not go down anytime soon. Additionally, the Consumer Price Index (CPI) growth remains strong, creating financial pressure for those on the lower end of the income scale. Despite these concerns, we're keeping a watchful eye on the situation. We're also wondering how long the Fed will be able to keep rates high before the government must address the impending US Treasury cost of debt. With elections coming up next year, we're curious to see how this will all play out.?
In the spirit of the holiday, let's dive into some good news on the multifamily market front. According to recent reports, the demand for rental units continues to rise, and rent prices are expected to increase by 3.2% in 2023. Additionally, the construction of new multifamily units is projected to increase, providing more opportunities for investment and growth.
As always, our team at Groundswell Assets is here to provide you with the latest insights and strategies for success in the multifamily market. Thank you for your continued partnership, and we look forward to catching the next wave together.
Finally to celebrate Presidents Day, here's a joke: "If George Washington were alive today, why couldn’t he throw a silver dollar across the Potomac?
Because a dollar doesn’t go as far as it used to."
Have a great week everyone!
Benjamin Yeager
Weekly Wave?-14 Steps to Multifamily Acquisition - Step #6?Submitting an LOI
By Joshua Christensen:
Learn how we?submit a winning Letter of Intent (LOI) in our multifamily acquisition process. Joshua has written about our process that you may use as a?guide to walk you through the key components of an LOI, negotiation strategies, due diligence timelines, and what happens after your LOI is accepted.?
Start your journey to multifamily success today!
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IN THE NEWS...
Most U-Haul rentals are bound for Texas
Texas is the most popular destination for U-Haul rentals for the second year in a row. That U-Haul trailer you saw on the highway? It's likely headed to the Lone Star State. U-Haul's annual count shows that Texas beat out Florida and the Carolinas to claim the top spot, marking the fifth time since 2016. Despite a slight dip in overall rentals, U-Haul International President John "J.T." Taylor says that Texas, Florida, the Carolinas, and the Southwest are still seeing strong growth.
'Poised to be another Frisco': Will Celina be the next North Texas city to see major growth and expansion?
With the expansion of the Dallas North Tollway, a flourishing historic downtown, and relative affordability compared to nearby northern Dallas-Fort Worth suburbs, Celina has a lot going for it, says Ryan Griffin, principal at Rockhill Capital & Investments.
What’s Next For The Multifamily Industry?
Stephen Baker:?President and GM at?Zego, a prop-tech company that modernizes resident experience management to boost retention, productivity, and NOI.
It has been a remarkable year for the multifamily industry. We’ve seen a range of highs and lows as the world progressed into a post-pandemic “new normal,” and now, with increasing economic uncertainty, all eyes are on another burning question: What’s next for the industry?
Have a great news article for next week? Send us the link to:?[email protected]
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1 年It's inportant not to lose perspective, challenging doesn't mean impossible and challening means less competition - losers quit while winners are still grinding.