AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Real Estate Syndication Show
WS1914 Multifamily Investing in Dallas - Fort Worth | Mark Allen
Jan 17, 2024
Mark Allen, co-founder and executive director at GREA, talks about the challenges faced by investors in the Dallas-Fort Worth market, including rising interest rates and insurance costs. He emphasizes the importance of quality assets and locations and the operator's experience and financial health in determining deal success. Although distress deals are not prevalent, Mark believes it is still a good time to buy in Dallas-Fort Worth due to adjusted prices and opportunities amidst market volatility.
25:20
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Investors in the Dallas-Fort Worth market should prioritize quality assets and locations for long-term success.
- Despite challenges, the current market in the Dallas-Fort Worth area offers opportunities for buyers with a focus on quality assets and operators' financial health.
Deep dives
The Challenging Real Estate Market in Dallas Fort Worth
The real estate market in Dallas Fort Worth saw a slowdown in 2023 compared to the previous record-setting year in 2022. Higher interest rates cooled off the sales market and created a bid-ask spread, frustrating sellers who were hesitant to lower their prices. However, Dallas Fort Worth is still a desirable market with strong supply-demand fundamentals and low inventory construction compared to other cities. Despite negative rent growth and increasing property taxes and insurance costs, the market fared better than many other markets. While distressed deals are more prevalent in coastal markets and tenant-friendly areas, Dallas Fort Worth is not seeing as much distress. Lenders are generally willing to work with borrowers to prevent taking back properties. Overall, it is a good time to buy in the Dallas Fort Worth market, particularly for those with a long-term mindset and a focus on quality assets and locations.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode