967: BiggerNews: Apartment Investing Took a Huge Hit, Is a Comeback On the Way? w/Brian Burke
BiggerPockets Real Estate Podcast
Irrational Exuberance in the Apartment Market
Exploring the surge in demand for apartments pre and post-COVID, driving up rents and sparking interest from investors despite challenges in development time and various economic factors.
Almost overnight, multifamily investing went from red-hot to something not even the most experienced investors would touch. After interest rates went up, rent growth stalled, and apartment supply flooded the market, the apartment investing industry became the ugly duckling of real estate. Owners struggled to get tenants and had huge balloon payments due, and no one was there to save them. But one man predicted that this would happen before anyone else—Brian Burke.
After seeing a crash on the horizon, Brian sold off most of his multifamily real estate portfolio and did it at just the right time. Now, he has a new prediction that could make apartment investors very happy. But a market turnaround won’t come quickly, and if you want to ensure you don’t make the same mistakes most multifamily investors made in 2020 - 2022, you’ll need to hear this BiggerNews episode.
In this BiggerNews, Brian walks through everything that went wrong with multifamily real estate, signs it’s time to sell your properties, and some hope on the horizon for 2025 that most investors have no idea about.
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In This Episode We Cover
A multifamily real estate update and Brian’s buying plans for 2024 and 2025
The “sobering reality” of the perfectly timed “traffic accident” that hit multifamily all at once
Why as soon as you sense “irrational exuberance,” it may be time to sell your real estate
An optimistic prediction from Brian on when multifamily could finally get back on its feet
Syndication struggles and what every syndicator/investor should be doing NOW
Why the multifamily oversupply may NOT be a problem in the coming years
And So Much More!
Links from the Show
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
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Ask David Your Real Estate Investing Question
Listen to Dave on the “On The Market” Podcast
See Dave at BPCON2024 in Cancun!
Book Mentioned in the Show
The Hands-Off Investor by Brian Burke
Connect with Brian:
(00:00) Intro
(01:57) "Irrational Exuberance”
(08:52) Investors Get Hungry
(11:34) Developers Come In
(14:34) The Sobering Reality
(19:01) Distressed Properties
(22:02) Don’t Buy Anything?
(23:41) Long-Term Multifamily Predictions
(26:30) Syndication Struggles
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-967
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