Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat.
And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year!
Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you!
In This Episode We Cover:
The mortgage and cap rate battle and how the two are unbalanced in 2023
The multifamily buyer’s market and why now is the time to aggressively chase deals
2023 housing market predictions and what multifamily investors can expect
How to start, or scale, your multifamily real estate portfolio this year
Long-distance real estate investing and assessing a property market from afar
How to raise money from private investors and expanding your network
The hidden dangers behind investing in a small, tertiary markets
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
Andrew's BiggerPockets Profile
Andrew's LinkedIn
Vantage Point Acquisitions
Matt's BiggerPockets Profile
Matt's Instagram
DeRosa Group
Paul Moore’s Article on Interest Rates and Cap Rates
Books Mentioned in the Show:
Long-Distance Real Estate Investing by David Greene
Raising Private Capital by Matt Faircloth
The Intention Journal by Brandon Turner
Connect with Philip & Daniel:
Philip's BiggerPockets Profile
Philip's Instagram
Philip's Website
Daniel's BiggerPockets Profile
Daniel's Twitter
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711
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BiggerPockets Real Estate Podcast