Jesse Wonder Clark
07-09-2008, 11:03 AM
How do you project earnings for a multi-unit apartment building in an area with declining population?
Recently I have been looking at several properties in the areas surrounding Detroit. The properties and pro-forma numbers for the properties are adding up well. The main difficulty comes when looking at the population numbers of the surrounding areas. The numbers are declining, not at any alarming rate, but steadily.
How can I be sure of the continuing value and productivity of the property? Is there any way to reassure myself in a situation of this type? Any further research or questions I can ask?
Any and all suggestions would be greatly appreciated.
Recently I have been looking at several properties in the areas surrounding Detroit. The properties and pro-forma numbers for the properties are adding up well. The main difficulty comes when looking at the population numbers of the surrounding areas. The numbers are declining, not at any alarming rate, but steadily.
How can I be sure of the continuing value and productivity of the property? Is there any way to reassure myself in a situation of this type? Any further research or questions I can ask?
Any and all suggestions would be greatly appreciated.