Blue Odyssey Group

Blue Odyssey Group is a full service real estate consulting agency helping our clients grow their business, scale their business, increase your visibility, get more customers and create more revenue.. Contact [email protected] Visit Blue Odyssey Group's social media platforms at https://beacons.ai/blueodysseygroup

[blueodysseygroup]

Do You Need A Reliable & Professional Mobile Home Moving Service?

Do you need a mobile home moved?  Look no further!

Blue Odyssey Group provides reliable & professional mobile home moving service in all 50 states across the USA.  We have a network of mobile home movers in all 50 states ready to transport your mobile home with quality moving services and top safety standards every time.

Our professional mobile home moving experts combined with the proper moving equipment will get your mobile home moved where it needs to be.  Our mobile home moving experts are fully licensed, bonded and insured to haul heavy mobile homes.   Our team of experienced mobile home movers provide world class customer service & high quality services personalized for your unique mobile home moving needs.  

Contact us today at [email protected] with all the details on your upcoming mobile home move.

Also include what city & state your mobile home is located, what city & state does your mobile home need to be moved to, the size of your mobile home, how many miles does your mobile home need to be moved, the condition of your mobile home etc.

Contact us today at [email protected] to get your free quote.

[blueodysseygroup]

Who Wants To Get This Bag & Get Paid??

**This is NOT A Scam, Blue Odyssey Group Is Paying A $20,000 Dollar Referral Fee To Anyone Who Provides A Cash Buyer To Buy This Six Unit Apartment Deal!

**It's a simple process, bring a cash buyer to the table, once the deal is finalized you will get paid a $20,000 dollar referral fee at closing!! 

**Who wants to get this bag & get paid??

**Assignable Contract For Sale Looking To Sell To Cash Buyer ASAP!!

***Below Market Value Well Maintained Six Unit Apartment Building For Sale Near Chicago, Illinois*** 1585-1595 Girard Way, Bourbonnais, Illinois 60914 

10br, 8ba, 4,884 Square Feet | Apartment Building built in 1997

Six units total, four 2 bedroom/1.5 bath townhouse units and 2 one bedroom ranch style handicap accessible units!.  There is an increased demand for housing in this market due to the business expansion of CSL Behring & Nucor Steel.  Bourbonnais, Illinois is a family friendly suburban Chicago community with a population of 25,000, located just 50 miles south of Chicago, Illinois.  Great schools close by in the Bourbonnais School District.  Close proximity to shopping, restaurants & entertainment. This apartment building is fully occupied & priced to sell.  The new property owners have a great opportunity to raise the rents and increase monthly profits & equity.  Utilities paid by tenants.  Shared laundry room on site.  Shared parking lot on site.  Bonus maintenance/storage room.  This apartment building is well maintained.  This apartment has built in equity.  This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

10 Bedrooms 8 Baths

Four 2 Bedroom/1.5 Bath Townhouse Units

Two 1 Bedroom/1 Bath Ranch Style Units 

Apartment Building Built in 1997

Total Apartment Building Space - 4,884 Square Feet

This Is A Turnkey Property With No Repairs Needed 

Close Proximity To Shopping, Restaurants & Entertainment.

Nice Kitchens With Plenty Of Cabinet Space

Well Maintained Landscaping

Spacious Parking Lot 

Well Maintained On Site Laundry Facility

RENT ROLLS & 12 MONTH PROFIT LOSS STATEMENT:

Rent Rolls & 12 Month Profit Loss Statement Available Upon Request

CAP RATE - 6.7 percent 

Sale Price - $680,000 Cash Only

Earnest Money Deposit - $10,000 (Non Refundable)

Buyer Pays All Closing Costs 

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://bit.ly/1585To1595GirardWayPics

#godisgood #chicago #realestate #realestateinvesting #multifamilyrealestate #multifamilyinvesting #apartmentinvesting #apartmentdeals #blueodyssey #dreambig #gratitude #success #faith #happy #believe #blessed #builtinbuffalo716

[blueodysseygroup]

**20K PRICE CUT NEW SALE PRICE $680,000!!

**Assignable Contract For Sale Looking To Sell To Cash Buyer ASAP!!

***Below Market Value Well Maintained Six Unit Apartment Building For Sale Near Chicago, Illinois*** 1585-1595 Girard Way, Bourbonnais, Illinois 60914

10br, 8ba, 4,884 Square Feet | Apartment Building built in 1997

Six units total, four 2 bedroom/1.5 bath townhouse units and 2 one bedroom ranch style handicap accessible units!.  There is an increased demand for housing in this market due to the business expansion of CSL Behring & Nucor Steel.  

Bourbonnais, Illinois is a family friendly suburban Chicago community with a population of 25,000, located just 50 miles south of Chicago, Illinois.  Great schools close by in the Bourbonnais School District.  Close proximity to shopping, restaurants & entertainment. This apartment building is fully occupied & priced to sell.  

The new property owners have a great opportunity to raise the rents and increase monthly profits & equity.  Utilities paid by tenants.  Shared laundry room on site.  Shared parking lot on site.  Bonus maintenance/storage room.  This apartment building is well maintained.  This apartment has built in equity.  This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

10 Bedrooms 8 Baths

Four 2 Bedroom/1.5 Bath Townhouse Units

Two 1 Bedroom/1 Bath Ranch Style Units

Apartment Building Built in 1997

Total Apartment Building Space - 4,884 Square Feet

This Is A Turnkey Property With No Repairs Needed

Close Proximity To Shopping, Restaurants & Entertainment.

Nice Kitchens With Plenty Of Cabinet Space

Well Maintained Landscaping

Spacious Parking Lot

Well Maintained On Site Laundry Facility

RENT ROLLS & 12 MONTH PROFIT LOSS STATEMENT:

Rent Rolls & 12 Month Profit Loss Statement Available Upon Request

CAP RATE - 6.7 percent

Sale Price - 20K PRICE CUT NEW SALE PRICE $680,000 Cash Only

Earnest Money Deposit - $10,000 (Non Refundable)

Buyer Pays All Closing Costs

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://bit.ly/1585To1595GirardWayPics

#godisgood #chicago #realestate #realestateinvesting #realestatedeals #multifamilyrealestate #multifamilyinvesting #apartmentinvesting #apartmentdeals #blueodyssey #dreambig #gratitude #success #faith #happy #believe #blessed #builtinbuffalo716

[blueodysseygroup]

**10K PRICE CUT NEW SALE PRICE $690,000!!

**Assignable Contract For Sale Looking To Sell To Cash Buyer ASAP!!

***Below Market Value Well Maintained Six Unit Apartment Building For Sale Near Chicago, Illinois*** 1585-1595 Girard Way, Bourbonnais, Illinois 60914 

10br, 8ba, 4,884 Square Feet | Apartment Building built in 1997

Six units total, four 2 bedroom/1.5 bath townhouse units and 2 one bedroom ranch style handicap accessible units!.  There is an increased demand for housing in this market due to the business expansion of CSL Behring & Nucor Steel.  

Bourbonnais, Illinois is a family friendly suburban Chicago community with a population of 25,000, located just 50 miles south of Chicago, Illinois.  Great schools close by in the Bourbonnais School District.  Close proximity to shopping, restaurants & entertainment. This apartment building is fully occupied & priced to sell.  

The new property owners have a great opportunity to raise the rents and increase monthly profits & equity.  Utilities paid by tenants.  Shared laundry room on site.  Shared parking lot on site.  Bonus maintenance/storage room.  This apartment building is well maintained.  This apartment has built in equity.  This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

10 Bedrooms 8 Baths

Four 2 Bedroom/1.5 Bath Townhouse Units

Two 1 Bedroom/1 Bath Ranch Style Units 

Apartment Building Built in 1997

Total Apartment Building Space - 4,884 Square Feet

This Is A Turnkey Property With No Repairs Needed 

Close Proximity To Shopping, Restaurants & Entertainment.

Nice Kitchens With Plenty Of Cabinet Space

Well Maintained Landscaping

Spacious Parking Lot 

Well Maintained On Site Laundry Facility

RENT ROLLS & 12 MONTH PROFIT LOSS STATEMENT:

Rent Rolls & 12 Month Profit Loss Statement Available Upon Request

CAP RATE - 6.7 percent 

Sale Price - 10K PRICE CUT NEW SALE PRICE $690,000 Cash Only

Earnest Money Deposit - $10,000 (Non Refundable)

Buyer Pays All Closing Costs 

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://bit.ly/1585To1595GirardWayPics

#godisgood #chicago #realestate #realestateinvesting #realestatedeals #multifamilyrealestate #multifamilyinvesting #apartmentinvesting #apartmentdeals #blueodyssey #dreambig #gratitude #success #faith #happy #believe #blessed #builtinbuffalo716

[blueodysseygroup]

**Blue Odyssey Group Is Paying A 10K Referral Fee To Anyone Who Provides A Cash Buyer To Buy This Six Unit Apartment Deal!

**Assignable Contract For Sale Looking To Sell To Cash Buyer ASAP!!

***Below Market Value Well Maintained Six Unit Apartment Building For Sale Near Chicago, Illinois*** 1585-1595 Girard Way, Bourbonnais, Illinois 60914

10br, 8ba, 4,884 sq ft | Apartment Building built in 1997

Anyone who brings a cash buyer to the table to buy this six unit apartment deal I will pay you a 10,000 dollar referral fee!!

Six units total, four 2 bedroom/1.5 bath townhouse units and 2 one bedroom ranch style handicap accessible units!.  There is an increased demand for housing in this market due to the business expansion of CSL Behring & Nucor Steel.  

Bourbonnais, Illinois is a family friendly suburban Chicago community with a population of 25,000, located just 50 miles south of Chicago, Illinois.  Great schools close by in the Bourbonnais School District.  Close proximity to shopping, restaurants & entertainment. This apartment building is fully occupied & priced to sell.  

The new property owners have a great opportunity to raise the rents and increase monthly profits & equity.  Utilities paid by tenants.  Shared laundry room on site.  Shared parking lot on site.  Bonus maintenance/storage room.  This apartment building is well maintained.  This apartment has built in equity.  This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

10 Bedrooms 8 Baths

Four 2 Bedroom/1.5 Bath Townhouse Units

Two 1 Bedroom/1 Bath Ranch Style Units

Apartment Building Built in 1997

Total Apartment Building Space - 4,884 Square Feet

This Is A Turnkey Property With No Repairs Needed

Close Proximity To Shopping, Restaurants & Entertainment.

Nice Kitchens With Plenty Of Cabinet Space

Well Maintained Landscaping

Spacious Parking Lot

Well Maintained On Site Laundry Facility

RENT ROLLS & 12 MONTH PROFIT LOSS STATEMENT:

Rent Rolls & 12 Month Profit Loss Statement Available Upon Request

CAP RATE - 6.7 percent

Sale Price - $700,000 Cash Only

Earnest Money Deposit - $10,000 (Non Refundable)

Buyer Pays All Closing Costs

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://bit.ly/1585To1595GirardWayPics

#godisgood #chicago #realestate #realestateinvesting #realestatedeals #multifamilyinvesting #multifamilyrealestate #apartmentinvesting #apartmentdeals #blueodyssey #dreambig #gratitude #success #faith #happy #believe #blessed #financialfreedom #builtinbuffalo716

[blueodysseygroup]

**Assignable Contract For Sale Looking To Sell To Cash Buyer ASAP!!

***Below Market Value Well Maintained Six Unit Apartment Building For Sale Near Chicago, Illinois*** 1585-1595 Girard Way, Bourbonnais, Illinois 60914 

10br, 8ba, 4,884 sq ft | Apartment Building built in 1997

Six units total, four 2 bedroom/1.5 bath townhouse units and 2 one bedroom ranch style handicap accessible units!.  There is an increased demand for housing in this market due to the business expansion of CSL Behring & Nucor Steel.  

Bourbonnais, Illinois is a family friendly suburban Chicago community with a population of 25,000, located just 50 miles south of Chicago, Illinois.  Great schools close by in the Bourbonnais School District.  Close proximity to shopping, restaurants & entertainment. This apartment building is fully occupied & priced to sell.  

The new property owners have a great opportunity to raise the rents and increase monthly profits & equity.  Utilities paid by tenants.  Shared laundry room on site.  Shared parking lot on site.  Bonus maintenance/storage room.  This apartment building is well maintained.  This apartment has built in equity.  This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

10 Bedrooms 8 Baths

Four 2 Bedroom/1.5 Bath Townhouse Units

Two 1 Bedroom/1 Bath Ranch Style Units 

Apartment Building Built in 1997

Total Apartment Building Space - 4,884 Square Feet

This Is A Turnkey Property With No Repairs Needed 

Close Proximity To Shopping, Restaurants & Entertainment.

Nice Kitchens With Plenty Of Cabinet Space

Well Maintained Landscaping

Spacious Parking Lot 

Well Maintained On Site Laundry Facility

RENT ROLLS & 12 MONTH PROFIT LOSS STATEMENT:

Rent Rolls & 12 Month Profit Loss Statement Available Upon Request

CAP RATE - 6.7 percent 

Sale Price - $700,000 Cash Only

Earnest Money Deposit - $10,000 (Non Refundable)

Buyer Pays All Closing Costs 

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click The Link Below To See More Property Photos

https://bit.ly/1585To1595GirardWayPics

#godisgood #chicago #realestate #realestateinvesting #realestatedeals #multifamilyrealestate #apartmentinvesting #apartmentdeals #blueodyssey #dreambig #gratitude #success #faith #happy #believe #blessed #builtinbuffalo716

[blueodysseygroup]

**Assignable Contract For Sale Looking To Sell To Cash Buyer ASAP!!

***Below Market Value Well Maintained Six Unit Apartment Building For Sale Near Chicago, Illinois*** 1585-1595 Girard Way, Bourbonnais, Illinois 60914 

10br, 8ba, 4,884 Square Feet | Apartment Building built in 1997

Six units total, four 2 bedroom/1.5 bath townhouse units and 2 one bedroom ranch style handicap accessible units!.  There is an increased demand for housing in this market due to the business expansion of CSL Behring & Nucor Steel.  Bourbonnais, Illinois is a family friendly suburban Chicago community with a population of 25,000, located just 50 miles south of Chicago, Illinois.  

Great schools close by in the Bourbonnais School District.  Close proximity to shopping, restaurants & entertainment. This apartment building is fully occupied & priced to sell.  The new owners have a great opportunity to raise the rents and increase monthly profits & equity.  Utilities paid by tenants.  Shared laundry room on site.  Shared parking lot on site.  Bonus maintenance/storage room.  

This apartment building is well maintained.  This apartment has built in equity.  This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

10 Bedrooms 8 Baths

Four 2 Bedroom/1.5 Bath Townhouse Units

Two 1 Bedroom/1 Bath Ranch Style Units 

Apartment Building Built in 1997

Total Apartment Building Space - 4,884 Square Feet

Close Proximity To Shopping, Restaurants & Entertainment.

Nice Kitchens With Plenty Of Cabinet Space

Well Maintained Landscaping

Spacious Parking Lot 

Well Maintained On Site Laundry Facility

RENT ROLLS & 12 MONTH PROFIT LOSS STATEMENT:

Rent Rolls & 12 Month Profit Loss Statement Available Upon Request

CAP RATE - 6.7 percent 

Sale Price - $700,000 Cash Only

Earnest Money Deposit - $10,000 (Non Refundable)

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://bit.ly/1585To1595GirardWayPics

#godisgood #chicago #realestate #realestateinvesting #realestatedeals #multifamilyrealestate #apartmentinvesting #apartmentdeals #blueodyssey #dreambig #success #faith #happy #believe #blessed #builtinbuffalo716

[blueodysseygroup]

Blue Odyssey Group is Paying A 5K Referral Fee For Solid Leads On For Sale By Owner Apartment Building Deals!

I am paying a $5,000 referral fee to anyone who can provide solid leads on for sale by owner apartment buildings for sale.  I'm interested in purchasing free & clear below market value priced turnkey multi-family deals on apartments buildings with 5-100 units.  

I’m looking for class B or class C properties in all areas except California, New Jersey, Connecticut, South Florida, Alaska, Hawaii, Washington D.C. or Seattle, Washington.  With a CAP rate of 8 percent or more.  I'm interested in buying multi-family properties with a net monthly cash flow of 4K or more priced at 1 million dollars or less.  

The real estate market is solid, here's your chance to make $5,000 dollars.  Send for sale by owner apartment building deals with rent rolls & 1 year profit & loss statements to [email protected]

#godisgood #multifamilyinvesting #multifamilyrealestate #apartmentinvesting #multifamilyplugg #realestate #realestatedeals #blueodyssey #dreambig #success #financialfreedom #happy #gratitude #blessed #builtinbuffalo716

[blueodysseygroup]

Interested in Buying Apartment Buildings For Sale!

Real estate entrepreneur interested in purchasing seller financed free & clear below market value priced turnkey multi-family deals on apartments buildings with 5-100 units.  

Looking for class B or class C properties in all areas except California, New Jersey, Connecticut, South Florida, Alaska, Hawaii, Washington D.C. or Seattle, Washington.  With a CAP rate of 8 percent or more.  I'm interested in buying multi-family properties with seller financing, a net monthly cash flow of 4K or more priced at 1 million dollars or less.  

Send deals with rent rolls & 1 year profit & loss statements to [email protected]

#godisgood #multifamilyinvesting #apartmentbuildings #realestate #realestatedeals #blueodyssey #dreambig #success #freedom #happy #gratitude #blessed #builtinbuffalo716

[blueodysseygroup]

**Beautiful Home With Large Pool & Huge Yard For Sale In Palms Springs California Area** 68240 Empalmo Rd, Cathedral City, CA 92234

3br/2ba, 1,376 sqft | Home built in 1986

Spectacular large resort size pool and spa, 3 bedroom 2 bath home located in Cathedral City just 10 miles south of Palms Springs California. Great schools close by in the Palms Springs Unified School District.  Close proximity to shopping, restaurants & entertainment.

Great room design with vaulted ceilings, fireplace, Large open kitchen with oversize tile counters, lots of cabinets and stainless steel appliances. Private and separate master suite. Custom built pool and spa, One of the largest pools in the area. The backyard is perfect for entertaining or quiet relaxation. A built in BBQ and pergola covered seating area set the stage when entertaining friends and family. A two car attached garage provides direct access.

Home is strategically placed so that it takes advantage of the Mountain views. New insulated patio cover spans rear length of home. All new insulated windows too. This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

3 Bedrooms 2 Baths

Home Built in 1986

Total Living Space - 1,600 Square Feet

Total Home Lot - 7,,841 Square Feet

Spectacular Large Resort Size Pool And Spa

Close Proximity To Shopping, Restaurants & Entertainment.

Vaulted Ceilings

Fireplace

Large Open Kitchen

Stainless Steel Appliances

Private And Separate Master Suite

Built in BBQ And Pergola Covered Seating Area In Backyard

Two Car Attached Garage Mountain Views

New Insulated Patio Cover

New Insulated Windows

PROPERTY COMPS:

68645 Risueno Rd, Cathedral City, CA 92234

3br/2ba, 1,400 sqft | Home built in 1988

Sold on 12/10/2020 for $419,000

68695 Jarana Rd, Cathedral City, CA 92234

3br|2ba, 1,352 sqft | Home built in 1985

Sold on 10/20/2020 for $416,000

68745 Fortuna Rd, Cathedral City, CA 92234

3br/2ba, 1,658 sqft | Home built in 1987

Sold on 1/14/2021 for $40.5k

Sale Price - $400,000 Cash Only

Earnest Money Deposit - $5,000 (Non Refundable)

If you or anyone you know is a cash buyer that’s interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://photos.app.goo.gl/fN2t4U9Z6JaEXmq36

#godisgood #realestate #realestateinvesting #realestatedeals #blueodyssey #dreambig #success #freedom #happy #believe #blessed #frombuffalo4life  

[blueodysseygroup]

**Beautiful Home For Sale With Large Pool & Huge Yard In Palms Springs California Area** 68240 Empalmo Rd, Cathedral City, CA 92234

3br/2ba, 1,376 sqft | Home built in 1986

Spectacular large resort size pool and spa, 3 bedroom 2 bath home located in Cathedral City just 10 miles south of Palms Springs California. Great schools close by in the Palms Springs Unified School District.  Close proximity to shopping, restaurants & entertainment. 

Great room design with vaulted ceilings, fireplace, Large open kitchen with oversize tile counters, lots of cabinets and stainless steel appliances. Private and separate master suite. Custom built pool and spa, One of the largest pools in the area. The backyard is perfect for entertaining or quiet relaxation. A built in BBQ and pergola covered seating area set the stage when entertaining friends and family. A two car attached garage provides direct access.

Home is strategically placed so that it takes advantage of the Mountain views. New insulated patio cover spans rear length of home. All new insulated windows too. This is truly a beautiful property that will not last long!!!

PROPERTY INFORMATION

3 Bedrooms 2 Baths

Home Built in 1986

Total Living Space - 1,600 Square Feet

Total Home Lot - 7,,841 Square Feet

Spectacular Large Resort Size Pool And Spa 

Close Proximity To Shopping, Restaurants & Entertainment. 

Vaulted Ceilings 

Fireplace 

Large Open Kitchen 

Stainless Steel Appliances 

Private And Separate Master Suite 

Built in BBQ And Pergola Covered Seating Area In Backyard

Two Car Attached Garage Mountain Views

New Insulated Patio Cover 

New Insulated Windows 

PROPERTY COMPS: 

68645 Risueno Rd, Cathedral City, CA 92234

3br/2ba, 1,400 sqft | Home built in 1988

Sold on 12/10/2020 for $419,000

68695 Jarana Rd, Cathedral City, CA 92234

3br|2ba, 1,352 sqft | Home built in 1985

Sold on 10/20/2020 for $416,000

68745 Fortuna Rd, Cathedral City, CA 92234

3br/2ba, 1,658 sqft | Home built in 1987

Sold on 1/14/2021 for $40.5k 

Sale Price - $400,000 Cash Only

Earnest Money Deposit - $5,000 (Non Refundable)

If you or anyone you know is a cash buyer that's interested in buying this property please contact Mack Roberts  by email at [email protected]. This property won’t last long!!

Click On The Link Below To See More Property Photos

https://photos.app.goo.gl/fN2t4U9Z6JaEXmq36

#godisgood #realestate #realestateinvesting #realestatedeals #blueodyssey #dreambig #success #freedom #happy #believe #blessed #frombuffalo4life   

[blueodysseygroup]

Value Add Deals On Hold As Multi-Family Investors Determine The Risk.

Credit for this article goes to Christie Moffat of Bisnow Houston

Economic impact of the coronavirus pulled the brakes on a wide range of real estate transactions around the country. Value add real estate deals which have been a hot target for investors in the multifamily real estate market for years, has tapered off, reflecting investor uncertainty around property values, projected rental income and leasing activity.

Value add real estate investment typically involves purchasing a property with some maintenance needs or that hasn't been updated in a while and investing in upgrades. The buyer can then charge higher rents, appeal to more tenants to boost occupancy or even raise the property up a class.

Real estate industry sources say value add investment is tougher in the multifamily sector right now. Though there is still plenty of interest, the uncertainty around achieving the needed increases in rental income has taken most deals off the table for a moment.

Most buyers and lenders will also need to see an increase in multifamily demand. That demand has taken a substantial hit from the Covid-19 pandemic, as millions of people have lost jobs, which may drive renters to get roommates, move down a class or move back in with family.

Multifamily performance over the past two months has been in line with national trends. Real estate industry sources are projecting an 8.1% drop in rents nationally in 2020. Vacancy rates are also expected to rise 2.9% nationally.  Property revenues are also impacted by rent delinquency and credit loss.

The real estate market is starting to see some signs of life now. There are starting to be some new deals coming into the market.  The first wave of the deals are probably going to be core in nature with security of cash flow.

It’s harder for investors to predict lease-up timing and how rents are going to react, which could mean they take a hit on value. That could lead to some long-term opportunities for buyers.

Prior to the Covid-19 pandemic, many active landlords were involved in an amenitization war with their projects and were in the process of reimagining existing, very well-located assets to unlock value and meet the demands of today’s tenancy.

Once the Covid-19 recovery process has begun, it will be a safer environment to underwrite value add acquisitions for both buyers and lenders.  

Longer term, the U.S. will need more moderately priced housing and preservation of older stock apartments which value-add activity can provide.

Follow Blue Odyssey Group On Social Media Platforms

https://www.facebook.com/blueodysseygroup  

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#godisgood #multifamilyrealestate #multifamilyinvesting #realestate #realestateinvesting #blueodyssey #dreambig #success #freedom #happy #believe #blessed