RHJ Investor

RHJ Investor is the department of Rental Housing Journal that speaks specifically to the interests and needs of real estate investors and apartment owners. Whether you're part or a REIT (real estate investment trust) , independently own large apartment communities, are a small landlord with 1 or 2 rental homes or choose to fix and flip, RHJ Investor is a great source for information. This site features how-tos and best practices for buying and selling property, real estate taxes, choosing property management and maintenance vendors, 1031 excahnges & TICs, apartment financing, budgeting and much more.

RHJInvestor.com is sponsored by National REIA

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Tue
09
Jan
The Editors's picture

The Best Cities To Invest In Apartment Buildings In 2018

Villas at Autumn Hills in Atlanta metro area one of best cities to invest in apartment buildings in 2018 by vinney chopra

The best cities to invest in apartment buildings for 2018 and which markets will provide best returns is the subject of this blog by veteran real estate investor and syndicator Vinney Chopra. He takes a look at the best cities to invest in apartments as many begin to see a softening of rental rates and rising vacancies.

 

Villas at Autumn Hills, one of Vinney Chopra's apartments in Atlanta metro area.

By Vinney Chopra

We enter 2018 with a changing environment in multifamily investing, but some of the underlying keys for investors’ success are still there if you look closely.

Fri
05
Jan
The Editors's picture

Investment And Management Firm Buys Arizona Apartments

Investment And Management Firm Buys Arizona Apartments

A real estate investment and management firm has purchased Coronado Crossings apartments, a 320-unit garden-style complex located on 19 acres in Chandler, Arizona for $58 million, according to a release. 

"Arizona is a great market and the City of Chandler has tremendous potential for growth," Luke Kline, Director of Acquisitions for Avesta said in the release.  "We look forward to serving the citizens of Chandler and helping residents of Coronado Crossing live abundantly."

A Tampa-based vertically integrated firm, Avesta creates lasting value to investors through a resident-focused mission. Avesta plans to fully renovate the property, upgrading all interior units and improving community amenities for residents to enjoy. 

Tue
26
Dec
The Editors's picture

Single-Family vs Multifamily Real Estate Investing

single-family vs multifamily real estate investing

Single-family vs multifamily real estate investing? It is a question many real estate investors ask again and again. Certainly there are advantages to both. Starting out as a single-family investor, veteran multifamily investor Vinney Chopra shares his thoughts on this question.

By Vinney Chopra

When I started my real estate investing career about 30 years back, I thought buying single-family homes to rent was a great investment and would potentially secure my future wealth.

So I began buying single-family homes and learning the business that went with it, such as financing, upkeep and the challenges that went with it. Since they were scattered in many states we chose to hire property management companies to manage them. The cash flows were erratic but the tax benefits of owning and renting them was good.

Tue
19
Dec
The Editors's picture

How To Buy Multifamily Investment Property With No Money Down

How to buy multifamily investment property with no money down

How to buy multifamily investment property with no money down may sound like some late-night cable television guru pitching products. But there are certain circumstances where the right seller, the right buyer and the right property can work out. So what are some good ways to look creatively at this challenge? This week veteran multifamily syndication investor and mentor Vinney Chopra shares some ideas for you to think about in buying multifamily investment property.

 

By Vinney Chopra

Financing multifamily investment property is something many of my student-investors struggle with, and think that they need many thousands of dollars in cash to get into this type of investment.

You need to think creatively about how to use money from other sources to put together ways to buy a multifamily investment property.

Tue
19
Dec
The Editors's picture

Investors Buy Two Seattle Area Apartment Complexes For $132 Million

Investors buy two Seattle area apartment complexes for $132 million

A private San Diego-based real estate investor and operator has purchased two Seattle-area apartment complexes with a total of 467 units in Woodinville and Lynnwood, Washington, according to a release.

MG Properties Group purchased the Beaumont Apartments in Woodinville and Newberry Square Apartments in Lynnwood, a total of 467 units, for $132.8 million.

"The locations and profiles of these properties make them excellent long-term strategic purchases for MGPG,” Mark Gleiberman, MGPG's Chief Executive Officer, said in the release.

Thu
14
Dec
The Editors's picture

Investment Firm Acquires Portland Apartment Community For $60 Million

portland apartment community acquired for $60

A leading real estate investment company has acquired Savier Street Flats, a wholly-owned 179-unit Portland apartment community in  the city's northwest neighborhood for $60 million, according to a release.

“Portland has established itself as one of the fastest growing apartment markets in the United States, and we are pleased to expand Kennedy Wilson’s (KW) presence into a region that is forecasted to continue its upward trajectory,” Shem Streeter, Managing Director at KW, said in the release.

Sat
09
Dec
The Editors's picture

How To Get Started In Owner Occupied Multifamily Investing

How to get started in owner occupied multifamily investing in real estate

Owner occupied multifamily investing can be a great starting point for new investors. Veteran multifamily investor Vinney Chopra has some ideas for you to think about in owner occupied multifamily investing.

By Vinney Chopra

I enjoy teaching investor students and helping them learn about multifamily investing and syndication and all of the benefits it brings, but some ask how to get started?

Not everyone is ready to start out buying large apartment complexes for many reasons.

It takes time to learn the right emerging markets. It takes time to learn how to finance big projects. Plus, it takes time to raise money and build relationships with investors and real estate brokers. And don’t forget it takes time to learn how to analyze the deals. That’s a lot!

So when students ask how to get started now, I talk about the advantages of owner occupied multifamily investing in real estate.

Tue
28
Nov
The Editors's picture

How To Raise Money For Multifamily Property Investing

How To Raise Money For Multifamily Property Investing

Multifamily property investing requires raising money because it typically involves acquiring apartments that cost more than a single-family homes you buy for real estate investment. Veteran multifamily investor Vinney Chopra has some ideas for you to think about to raise money for multifamily investing.

By Vinney Chopra

I love multifamily property investing and I love to help others who would like to learn how to invest in this area that I have been enjoying success in for more than 20 years.

Multifamily property investing provides nice, steady cash flow and checks every quarter to investors in many cases.

Many of my students ask how to get started in multifamily property investing and how do I raise money for it?

Mon
27
Nov
The Editors's picture

Real Estate Investment Company Acquires Issaquah Apartments For $135 Million

Real Estate Investment Company Acquires Issaquah  Apartments For $135 Million

A global real estate investment company has acquired Atlas, a wholly-owned 343-unit apartment community in Issaquah, Washington, for $135 million, according to a release.

Kennedy Wilson (NYSE:KW) (“KW”)   KW invested $52 million of equity, and secured a 10-year interest only loan for $84 million at a fixed-rate of 3.86%. The purchase reflects KW’s continued confidence in the Washington market, where the multifamily group’s portfolio has grown to over 10,000 units, according to a release.

Atlas was one of four properties acquired through a 1031 exchange with proceeds generated from the recent sale of Summer House, a wholly-owned 615-unit apartment community in Alameda, CA.

Tue
07
Nov
The Editors's picture

The Multifamily Investing Forecast For 2018

multifamily investing forecast for 2018

What is your multifamily investing forecast for 2018? I hear a lot that a correction is coming in multifamily Investing.

  • Is it really?
  • When?
  • Where, in what markets?
  • How long will it last?

By Vinney Chopra

These questions have been on the minds of a lot of multifamily Investing groups and multifamily syndicators.

The market has been strong for about eight or nine years. Usually the market cycle lasts about that long too.

I wanted to share my perspective on it. It is very hard to predit the future. Especially in the times of uncertainty with talk of possibly lowering of tax rates, and cutting out of social programs and small business tax breaks all in the name of economic growth.

So it is very hard to project the multifamily investing forecast for 2018 due to 5 current factors.

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