How to Buy Apartments in Cardone Zone

Subscribe and comment to qualify for a FREE Real Estate Investing Coaching session with Grant Cardone. USA Today Many metro areas have seen significant increases in rented single-family homes since 2006, Census Bureau data shows. Orlando goes from 14% renter to 22% Opinion There is no reason to own a home If you want to own real estate own rentals. Buying a home is a bad deal - Buy Apartments if you love Real estate Multi family real estate will prove to be the BEST investment over next 20 years. Story Highlights • Foreclosure crisis drove growth in single family home rentals • • In Stockton, Calif., more than 32% of occupied single-family homes are rented • • In Las Vegas, nearly 29% of occupied single-family homes are rented • In the aftermath of a historic housing bust, rented single-family homes are on the rise in communities from coast to coast. 1/5 of all occupied single-family homes were rentals last year in 32 of the nation's top metropolitan regions, according to a USA Metros with the most growth in rentals are those where foreclosures were most rampant. Las Vegas, where almost 29% were rentals, up more than 10 percentage points from 2006. Florida's Cape Coral area was more than 25%, another 10-point gain. Stockton, Calif., was about 24% in 2006 — now it's above 32%, the highest share among the 100 metro regions in USA TODAY's study. What does this mean to you. 1) “There's a lot of good-quality renters out there,“ 2) Properties that cash flow are good investments 3) Changing Demographics support renting 4) Need to be nimble able to move “A good slice of our owner occupants have become tenants against their will. That's not a good thing,“ Orr says. Phoenix Vegas Miami were targeted by institutional investors, who are spending billions turning single-family homes into rentals August sales were revised to a million rate, unchanged from July, well below the million rate previously estimated. “The housing market is not faltering, Cardone disagrees - there is no reason to buy a home! NONE .... 150 million people in this country have no reason to buy a home. Homes are also not selling as fast as they did in the summer. A home's median time on the market in September was 50 days. Are we about to become a nation of renters? The percentage of U.S. households that owns a home has dropped significantly in recent years, and experts say this downward trend might well continue for at least several more. Still, housing is notoriously cyclical, and experts say the United States isn't likely to become a nation of renters. According to the U.S. Census Bureau, the seasonally adjusted national homeownership rate stood at 65.3 percent in the fourth quarter of 2012. That was a big dip compared with the peak of 69.4 percent in 2004 but comparable to the 65.4 percent rate way back at the beginning of 1996. The decline has been larger than typical, but so was the rise that preceded it, explains Patrick Simmons, director of strategic planning for Fannie Mae's Economic & Strategic Research Group. “In addition to the severity of the recession, which definitely contributed to the larger-than-typical decline, there was also a somewhat artificial runup in the homeownership rate in the five or 10 years leading up to the recession,“ Simmons says. The ownership generation gap What's more, the drop hasn't been felt evenly across the generations. Instead, Simmons explains, “Elderly homeownership rates held their own, but there was an outsized decline amongst folks who were younger, particularly in the 25-to-34 and 35-to-44 age groups.“ Add this graph to your page ‹› get code Bad timing was one reason for the harsh effect on younger people. While many seniors are long-term homeowners who have substantial equity, younger people more likely bought at the peak of the housing boom, when prices were inflated and ownership was less sustainable. 'Renters in waiting' These homeownership rates might be overstated because they don't take into account the millions of people who are at least 90-days late on their mortgage payments. Twitter Facebook Instagram - @grantcardone #business #realestate #investing #GrantCardone #10XRule #SalesTraining #SalesMotivation #Entrepreneur This is not an offer, solicitation of an offer, to buy or sell securities nor a recommendation to buy or sell any securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses,