Valley and Anchorage Multifamily Real Estate Market Update
I took a look at the multi-family real estate marketplace in both the Valley and Anchorage. Owning an investment property remains the best way to build long term wealth in my opinion and there are always opportunities. I know one ex landlord that sold several properties in 2019 and is really kicking himself now watching how rents have increased dramatically and vacancy rates dropping especially in the Mat-Su Valley. Rents have increased 10-20% in 2021 and no problem having a choice of tenants. Finding a good deal on a rental property is a challenge with low inventory but you just need to be ready for when the right property shows up (or we have to find it!). Also a great time to sell with prices appreciating and low competition.