Cash Flow Connections - Real Estate Podcast

Joe Fairless On The Massive Opportunity In Multifamily - E929 - CFC

Sep 19, 2024

Joe Fairless, founder of Ashcroft Capital, manages over $2.8 billion in apartments. He reveals how high interest rates are opening doors in the multifamily market that many overlook. Joe discusses the shift from Class B to promising Class A properties and the unique buying opportunities they present. He emphasizes the significance of raising capital strategically and maintaining a robust mindset amid market challenges. Insightful tips on building investor relationships and operational efficiency enrich the conversation, making it a must-listen for aspiring real estate investors.

38:50

Creator website

Episode guests

Joe Fairless

AI Summary

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The current multifamily market presents a unique opportunity for investors to capitalize on Class A properties with value-add potential due to changing dynamics.

Raising capital in a challenging market depends on emphasizing strong fundamentals and clear asset performance rather than speculative predictions.

Deep dives

The Evolution of Real Estate Strategy

The discussion highlights the shifting strategies in real estate over the past few years, with a focus on value-add deals as a consistent approach. Currently, Class A properties with value-add potential are more accessible than they were three to five years ago, enabling investors to capitalize on new construction opportunities positioned close to desirable locations, such as Disney. These properties have seen rental decreases due to competition from nearby developments, which will stabilize and increase values as the competition leases up. This unique opportunity allows for property appreciation without needing extensive renovations, making it an attractive option in the current market.

Intro

2min

Navigating Multifamily Real Estate Trends

14min

Navigating Multifamily Real Estate Uncertainties

8min

Navigating Challenges in Multifamily Real Estate

8min

Navigating Investor Challenges Through Mindset and Communication

3min

Building Relationships for Future Opportunities in Multifamily Real Estate

4min

I just had a conversation with Joe Fairless that might change how you look at the multifamily market…

While everyone's worrying about high interest rates and low deal flow, Joe's seeing a huge opportunity forming in the multifamily space that most people are missing.

If you wanna learn what that opportunity is and how to make the most of it (trust me, you do)…

Joe is the founder of Ashcroft Capital, a company that manages over $2.8 billion in apartments…

And today, he breaks down:

Why Class A properties are suddenly offering value-add opportunities
How supply and demand dynamics are creating a unique buying window
Strategies for raising capital in a challenging market
The importance of mindset when dealing with tough times in real estate

Plus, he shares some candid insights on how he's navigating the current market challenges at Ashcroft Capital.

If you want to understand where the smart money in multifamily might be moving…

Tune into this episode now.

Take Control,

Hunter Thompson

Resources mentioned in the episode:

Joe Fairless

Website

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