People need to live somewhere.
If they don’t live in a home, they live in apartments.
If not an apartment, then they've gotten very creative with how and where they live.
But, the fourth good reason to invest in real estate is out of basic necessity for shelter.
Maslow's Hierarchy of Needs shows a colorful triangle of biological requirements for human survival…one of our most basic needs: the need for shelter.
As the prices of homes around the nation continue to climb, it's becoming more difficult for people to afford a mortgage. The next option is to rent.
We provide this as apartment operators.
A place to stay that is warm and comfortable, but also enhanced living conditions when we take over. This is achieved through a value add component that remains part of our business plan.
Being an LP, provides you the ability to have ownership in apartment complexes, achieve all of the benefits and be part of a team of operators who work to improve living conditions for those living in the complexes we purchase.
It’s really a win-win.
Stay tuned for next week...reason #5!