Multifamily Assets Class and Its Future

We all know that nowadays innovation is instrumental to growth and success in every field, and this is particularly true for the real estate sector which is currently one of the most competitive ones. In order to ensure that his work will bear fruits, Luther Ragsdale, a real estate agent and coach located in Atlanta, Georgia, equipped himself with the knowledge to make informed investment decisions. In this article, Ragsdale, who has his own real estate agency, provides an overview with the essential information of multifamily asset development. In doing so he will point the main demand drivers and conclude with the factors that make the multifamily real estate a widely held and strategic real estate asset class.

The multifamily real estate sector currently accounts for the second -largest share of institutional investors' real estate holdings, with approximately 25% of the U.S commercial real estate stock. For a long time, multifamily was considered as a strictly residential asset, but over the last few years, things have changed to a degree that multifamily has become one of the four primary commercial real estate asset classes. This asset class spans a wide spectrum of residential properties. In general, the real estate industry classifies multifamily properties as Class A, B or C, depending on important factors like quality, age, location, rent, and amenities, among others. Mr. Ragsdale, with his team of real estate agents, has been working with multifamily assets for a long time now, which has helped him achieved outstanding performance.

One way of analyzing the multifamily demand drivers in the United States is by considering that households are mostly made of either owners or renters. Ragsdale reports that according to the latest statistics from the U.S. Census Bureau, homeownership stands at 62.9%, which is the lowest level the last 25 years. That means that there are around 117.4 million households in total. Population growth is one of the biggest drivers. As the population grows, so does the number of households. Multifamily assets may be the solution to the growing problem of metropolitan overcrowding. For Luther , this could also be one of the reasons why it becomes so popular in recent time.

Multifamily and mixed-use developments have many merits, like residents having access to living facilities, as well as facilities for working and playing. As an expert with global expertise spanning more than 15 years, Ragsdale is convinced that the one things that make multifamily real estate so appealing, is the obvious fact that it offers convenience which usually can't be found in the gated stand-alone condominiums.

Multifamily assets in key urban areas can stimulate the growth of the local economy by bringing business activities. This could create a more dynamic business environment and thus provide more employment opportunities. As Ragsdale writes in his blog posts on Bigger Pockets, the economic benefits of it are yet to be felt, but he is strongly convinced that in the years to come, this will cause a more dynamic and less centralized economic landscape, and the whole thing is, in fact, a matter of time.

Using A Real Estate Coach

In most professions, there comes a time when as an individual you simply can’t go any further without some sort of an outside help. As you probably know, real estate is a lucrative and highly competitive business. If you want to take your business from ordinary to extraordinary you can benefit considerably from personalized mentoring and real estate coaching. Luther Ragsdale is a veteran and a reputable name in the field of real estate, with a rich background of helping other agents achieve their goals. As a real estate coach, he helps agents become more competitive, set goals, strategize growth, and stay focused.

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House Hunting - Here are some tips from Luther Ragsdale

Finding a house or an apartment that will suit tour needs and desires, may seem like an extremely challenging task, but according to Atlanta real estate mogul Luther Ragsdale, it does not have to be so. Buyers or renters can gain some experience by learning what to look for. This way they’ll also define what kind of house they want. In Luther Ragsdale’s experience, the most effective way to find a house is to equip yourself with knowledge. Here is some advice that buyers should consider when looking for an apartment.

Make sure you know what you want. People who don’t know, or are not sure what they want, can easily be tricked into a bad offer. If you want a two bedroom apartment, do not accept a smaller one. If you have already decided on a neighborhood, look for apartments in that location. Too many people are undeceived, and indecision is a weakness that can be manipulated. Knowing what to look for is the first key to a successful house hunting.

Read the whole article here.

Real Estate Market Starts to Thrive in the Spring

Luther Ragsdale, a prominent business owner and one of the most sought after real estate coaches in the business, explains why spring is the best period to sell a property. Same like him, most real estate experts agree that the prime season, which starts in spring and ends in late summer, is the best way to go for vendors who are looking to sell their property as soon as possible and at the best price. In most areas, especially in the United States, the busiest home-selling and home-buying season begin at spring. With the break of spring the days become longer, there is more daylight, the weather is warmer and there is a bigger motivation for getting a new house before the new school year begins.

All You Need to Know About The New Real Estate Tax

Tax payment is not required for property owned by the local government and religious buildings in which are to be performed religious rites

All municipalities and cities in Georgia began to prepare for the introduction of a unified real estate tax, which will be from next year instead of paying municipal fees, taxes on houses and levies. According to the last census, Georgia has a large housing stock - 2.2 million flats and houses which will be subject to taxation. The law, which was adopted at the end of last year laid down a series of criteria by which to pay taxes, but the government says that for the vast majority of citizens tax liability will be the same or less than the existing benefits.