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Rents are going to go higher for class B for any other types of apartments.There are 4 main types of properties:
Class A: $1,500 to $3,000 rents . (newer)
Class B: $1,100 to $1,500 rents
Class C: $800 to $1,100 rents
Class D: $500 to $800 rents . (older, section 8 ghetto stuff)
You need to be in A or B in select markets. Don’t get started in C and D, that’s a management nightmare. Detroit will never be an A market.
California will be C and D markets in future. You can buy junk—or you can buy great property. At Cardone Capital, we don’t do junk.
We invest in quality properties that cash flow and wait for appreciation—and this is the compounder of the 21st century.
If you’re a Real Estate Agent, come learn more at my next real estate agent challenge. Click below:
https://grantcardone.com/challenge
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