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Ken McElroy Show
Airbnb Meltdown & The Billionaire's Guide to Real Estate Mastery
Jan 24, 2024
Ken, author of the bestselling books on real estate investing, discusses the Airbnb meltdown, the 2008 financial crisis, and strategies for building a multi-billion dollar real estate portfolio. He emphasizes the importance of cash flow, explores the challenges in the commercial real estate market, and discusses changes in financing and equity requirements. They also delve into the reasons for the current decline in real estate prices and explore the process and strategies involved in real estate deals.
47:34
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Quick takeaways
- Commercial real estate market is facing challenges in sectors like office spaces and malls due to factors like online shopping and remote work.
- Investors should thoroughly evaluate business plans, syndication of deals, and the track record of the team while aligning investment strategy with market conditions and focusing on cash flow-driven opportunities.
Deep dives
The Current State of Commercial Real Estate
The commercial real estate market is experiencing challenges in various sectors such as office spaces and malls. Factors like the rise of online shopping and remote work have contributed to the decline in these areas. Additionally, the tightening of lending practices and a decrease in loan-to-value ratios have affected commercial real estate prices. In particular, the multifamily market has seen a drop in prices due to increased interest rates. Syndicators who purchased properties in recent years are now facing challenges as their projected cash flow is impacted. However, opportunities may arise for potential investors as property prices adjust and assumable loans become available.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode