Commercial real estate broker Akash Sani discusses market selection strategies with host Paul Morris, comparing major metropolitan periphery investments to isolated secondary markets during economic downturns.
“So I would buy a property just on the outskirts of Indianapolis itself. Right. So that means, you know, well, there's going to be more money. There's going to keep on coming into that particular sub economy and you're going to be fine. So versus now I go invest in Bakersfield when the recession hits, when things go down.”
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More from Akash Sani
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Sani: Government funding for Section 8 in California won't dry up
“The city, the state is going to continue to receive this funding from the government, if not from the local, but from the federal, they're always going back and forth with it. What are you going to do? So I don't see the money drying up necessarily.”
Sani: Tenants will commute slightly further for renovated periphery units
“And you have to understand investors who do own right in the hub, sometimes they don't want to do major renovations to the unit. Because, you know, they're spoiled. I'm going to get the premium rent anyway. So now if you do a major renovation to your unit, who…”
Sani: Begin replacement property search once sale contingencies clear in 1031s
“So you should be looking the day. The contingencies are removed on your down leg. The property that you're selling, your own property that you're selling, the day you remove all the contingencies, or the buyer for your property removes their contingencies on y…”
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