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.
Support today’s show sponsor, Rent App: the free and easy way to collect rent!
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
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Property Manager Finder
Join BiggerPockets for FREE
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
Dave’s BiggerPockets Profile
Dave’s Instagram
BiggerPockets’ Instagram
Listen to Dave on the “On The Market” Podcast
See Dave at BPCON2024 in Cancun!
On the Market Podcast 214 – What to Know About “Capital Calls” As Multifamily Syndications Get “Squeezed” w/Brian Burke
Book Mentioned in the Show
The Hands-Off Investor by Brian Burke
Connect with Brian:
Brian’s BiggerPockets Profile
(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
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
BiggerPockets Real Estate Podcast