Have we reached the point where it no longer makes sense to invest in older multifamily properties?
My guest today makes the argument that there is nothing passive about investing in older properties because they constantly need repairs and updates.
Instead, you should be considering new construction multifamily, and building as much as you can as fast as you can.
Roger Luri has been a real estate investor and developer for over 30 years, and he’s the author of the recent book “Don’t Buy Multi-Family: Build It!”. Today Roger and I discuss the compelling fundamentals behind new construction investments, and he shares examples from his previous developments in Chicago.
You can contact Roger through his website: https://www.ld2development.com
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.