#950: Multifamily Reality Check & AI Edge with Joe Fairless

Since Joe Fairless launched in 2015, Ashcroft Capital has acquired over $2.7 billion in assets and serves thousands of investors nationwide. Joe is also the host of the ‘Best Ever Real Estate Investing Advice’ podcast. Over the years, Joe has been on this show multiple times, but today’s conversation is especially timely. The last three years have tested commercial real estate investors as well as multi family syndicators like never before, with rising interest rates, slowing rent growth, over supply in certain markets, and debt maturities forcing some hard decisions. Joe’s here to share how Ashcroft has navigated these challenges, what’s worked, what hasn’t, and what he sees ahead for the multifamily sector in the coming years.

Connect with Joe: https://ashcroftcapital.com/ 

Joe's Podcast/Newsletter: https://www.bestevercre.com/ 

Highlights:

2:00 - Why This Conversation Matters

5:30 - Three Market Stages

12:10 - Eviction Backlogs’ Ripple Effects

15:05 - How Lenders Really Behave

21:05 - Debt vs. BOV Reality Check

33:00 - AI For IR Workflows

Quote: “If you’re not on board with AI, you’re being left behind from an efficiency and effectiveness standpoint.”

Recommended Resources:

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• If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. 
• Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. 
• Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.