Understand The Class and Understand Your Reward!!
SHIRA ALBERT
??Helping 40+ Women continue their zest for life through managing menopause and lifestyle like a Boss.??
Answer this one question and change your life!!
When speaking with medical professionals looking to take hold of their financial future, I often get how you choose apartments to buy??.
What a great question??!!
Determining this is fundamental knowledge for investors deciding what type of risk they are comfortable with in their portfolio. The difference in classes will pin down the risk, the returns, and future issues that may arise.
In large multifamily complexes, we group them by the letter system. We use classes A, B, C, and D.?
Now, this is all well and nice, but what does that mean?? ♀??
Well, today,?let's get in the weeds???to help you prepare for all your future apartment investment opportunities!
Class A properties
? Generally built within the last 15 years
? If older than ten years have had substantial renovations
? Can be an older high rise in a preferred district
? Attract higher wage?? income earners
? Often include handsome upgraded?? amenities like a rental office or clubhouse
? Contains Top of the line finishes inside and out.?
? High-quality construction and materials
? Require little or no maintenance
? Great appreciation prospects
? Can have some economic risk ??
Class B properties
? ??15-20 years old
? Can be older than 20 years but renovated
? Little deferred maintenance
? Good quality construction
? Middle to high income?? earning tenants
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? Generally located in safe, clean, and desirable neighborhoods
? Can be considered a safe bet during a difficult economic time
Class C Properties
? Built within the last 30 years or later
? Older than 30 years but renovated
? Dated exterior and interior amenities
? Improvements that show age and ??deferred maintenance
? Rents are lower than Class "B" market
? Majority of appliances are original.?
Class D Properties
? No amenities
? ??? Low-quality construction
? Lower rents/ higher crime ??
????Frequent turnover and vacancy
? Often, a heavy section 8 tenant population
What to do with this information?
Now is a great time to reach out to other investors?? and exercise your newfound knowledge and
See what they tend to invest in and Why!?
No investor friends yet, no worries. Schedule ???a call with me to discuss what you are looking for and if I can help you reach your financial goals through apartment investing.?
Click the link in the BIO!!
To your time, money, and lifestyle freedom.
Shira Albert
Shira Investments