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The Pros and Cons of Apartment Investing

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Besides the stock market, perhaps one of the best investments you could have made at the bottom of the Great Recession, would have been in apartment buildings, when rental demand skyrocketed as millions of people became frozen out of home ownership due to the upheaval in the home mortgage industry.  Our next guest says that he believes there is still money to be made in apartment investing.

Mike Switzer interviews David Engel, chief investment officer and managing member at Engel Capital Advisors in Greenville, SC.  Also a chartered financial analyst and a member of the SC Chapter of the CFA Society.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.