Recent Survey Finds Landlords Fiercely Divided and Grappling Over Most Important Factor to Peaceful, Profitable Property Type
After surprising, and disturbing, survey results the Fort Wayne Indiana Real Estate Investors Association® announced a special meeting to determine once and for all the ultimate investment property by pitting real estate heavy weights from the two property classes against each other in a battle royale match.
All this in response to a recent survey, the largest survey of its kind polling over 2000 real estate professionals in America, conducted by investor association Indiana REIA™ headquartered in Fort Wayne.
Findings reported 96% of those who bought real estate as investment purposes owned one of two property types, either Single Family houses or 1 to 4 unit Multi-Family Buildings, like a duplex, triplex or fourlpex.
Of the findings most alarming was in response to the question, ‘Which investment property class type is the best real estate investment choice’, a whopping 88% answered ‘Not Sure” while the remaining were equally split, responding “definitely Single Family” and “definitely Mulit Family”
Indiana REIA™ president Scott Fladhammer says the survey results are “disturbing”. “I have to say, I was personally surprised by that finding.” FladHammer explained the dilemma for real estate investors, “The question is as old as real estate itself and one that nags both those just starting out in real estate as well as seasoned investors.”
“These latest findings indicate that 88% of real estate investors are investing in real estate and cannot defend the decision of their chosen property class and who are uncertain if there may be a better type of property for them.” FladHammer continues, “Because of our a vast amount of data shedding fascinating light on how real estate investors feel we will be providing high-level education, resources and hands-on analytics in this area.”
Mr. Fladhammer immediately organized a special meeting to answer the Mother-Of-All Questions: which property type is the best real estate investment: Single Family houses or Multi Unit Buildings. An expert panel was commissioned pitting a real estate heavy weight from each property type against the other for a fiery debate.
REAL ESTATE HEAVY WEIGHTS SETTLE HEATED DEBATE
The match up will include Fort Wayne residents Mike Anderson representing multifamily buildings and Jeff Vaughan on behalf of the single family investment choice. Both investors, who are active in owning and managing real estate for investment and retirement purposes, are considered experts in their chosen fields of property category.
Mike Anderson, who is said to own most of the west central multifamily neighborhood including the Sheraton apartment complex, reveals his investment game plan, “My exit strategy is death and then my children can take the reins to a finely tuned empire.”
In the other corner, hailed by many as Americas Favorite Landlord, Jeff Vaughan holds bragging rights of billing $1.2 million dollars in rent and collecting 100% of it several years running. Vaughan also extends his expertise to the city of Fort Wayne to train other Landlords and renovate houses.
To referee the match up Property Management expert Lynn Heffner was called in because of her knowledge in dealing with both property types as well as handling Landlord personalities. Heffner says of this bitter battle, “As preparations were being made opinions on both sides flared. This will be a great match: entertaining and educational”
The meeting to decide the best investment performer, which has become known as The Great Debate will take place at 2777 Sherman Blvd. Fort Wayne, Indiana on November 15th doors will open at 9:00 am and the debate starts at 10:00 am.
No RSVP is needed however first come first seated until limited seating is reached. More information about the Fort Wayne Indiana Real Estate Investor Association (REIA) meeting agenda is here
WHAT IS YOUR BIGGEST BEEF?
Here is your chance to join in and pick the brain of our expert panel. Send in your most pressing question and after the debate we will be addressing questions on a first come first-sent-in basis. So, what is your ONE BIG question, concern or problem regarding the Great Debate: