BiggerPockets Real Estate Podcast

634: Why 2023 Will Be One of The Best Years Ever to Invest in Multifamily w/Matt Faircloth and Andrew Cushman

6 snips
Jul 12, 2022
Guest
Andrew Cushman
Guest
Matt Faircloth
Multifamily experts Matt Faircloth and Andrew Cushman discuss the shifting landscape of apartment investing. They highlight emerging opportunities for everyday investors amid rising interest rates and competition. The duo shares how creativity and strategic property management can lead to successful investments. Additionally, they emphasize the need for new investors to engage through education, such as the BiggerPockets bootcamp, to leverage current market dynamics for substantial gains.
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INSIGHT

Strong Multifamily Fundamentals

  • Multifamily fundamentals remain strong due to high occupancy and a housing shortage.
  • New construction costs are rising, further limiting supply and increasing demand, especially for workforce housing.
INSIGHT

Silver Linings of Rising Rates

  • Rising interest rates, while increasing mortgage costs, reduce buyer competition and increase renter demand.
  • This creates opportunities for investors to acquire properties at more favorable prices and terms.
ADVICE

Prepare for Opportunities

  • New investors should prepare for opportunities arising from reduced competition and market shifts.
  • Build systems, assemble a team, and be ready to capitalize on favorable deals.
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