Episode 109 - Up to 43,000 Apartments may be OFFLINE in metro Houston. Is that an opportunity for investors?
/Tom Wilkinson is the ‘dean’ of apartment sales in Houston, Texas. He has been in apartment brokerage for over 25 years. He sells over 10% of all the B & C apartments in Houston; with most being OFF MARKET. Tom discusses what impact that Hurricane Harvey has caused on apartment owners. How will this natural disaster effect current and future investors? How much higher will insurance premiums rise? What much higher will labor costs go up? Will you be able to get buildings materials? What’s the timing to bring these down apartments back online? Will there be opportunities for investors in the near future? Listen to what Tom discusses.
Great article on impact of Hurricane on Houston apartments:
https://www.realpage.com/mpf-research/many-as-43000-apartments-appear-off-line-metro-houston/
Contact Tom Wilkinson: twilk4@ketent.com www.ketent.com
Contact Hans Box: HBox@oldcapitallending.com
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