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On a bit of an inside note:

 I just spoke to my friend who works for Chase Bank in their loan department, and they were recently instructed that their programs for first time home buyers will no longer be offered… That’s pretty important news for apartment building owners. Why? With more and more lenders requiring past ownership for homebuyers to qualify for new home loans, the large percentage of first time buyers have little other choice but to remain in their apartment housing until the mortgage & housing market improves locally.

 This means more demand for apartment building owners and longer average tenancy, both solid recipes to success in any apartment portfolio. If you’d like to broaden your multifamily ownership, browse our current inventory on www.jabarnettrealty.com or contact us to let us know what type of investment you are looking for. We also can analyze your needs and return requirements to let you know which property type and size would best benefit your situation.

Peter J. Barnett, CCIM

Tampa Bay is fast becoming known as a great center of technology through both the universities and the new businesses being attracted to the area. Check out the website at http://www.visitthecorridor.com for more information. It has some great info that helps shine light on this previously overlooked sector of Central Florida.

 This means good things for any office building and multifamily owners as the demand for jobs and housing for students is steadily increasing. And since most students live on off campus housing, many investors could consider finding multifamily housing near a university and rely on a steady influx of renters.