It felt economically smart.
My chosen path is to buy affordable housing (grade C to B properties) with value-add components.
The gap between the wealthiest and the less fortunate in society continues to widen.
Demand for affordable housing is predicted to increase under these conditions.
Simple supply and demand dictates that tight supply and increased demand ultimately lead to increased rents.
Assets generally become more valuable under those conditions.
Although the living conditions were horrendous, the rental demand was strong.
With both of these properties, I have taken extreme care to update the living conditions.
I take personal pride in caring for the people living in my properties and offering an affordable product.
Do you have any experience with affordable housing?