Episodes

There’s a need for 7 million more affordable apartment units in the country, but the cost of new construction is so high that it’s hard to build new apartments and rent them out at affordable rents. That’s why municipalities ...

Even though interest rates have risen dramatically over the past year, most apartment owners have not adjusted their expectations downwards when it comes to lowering the prices of their assets. This delta in the bid-ask of pr...

With most existing multifamily properties still priced too high to generate decent cash flow, many operators are turning to ground up development to generate more attractive returns. When these projects go according to plan, ...

By ruthlessly managing expenses, you can make C Class properties profitable, but there are ongoing challenges and risks. Even after you’ve stabilized the properties, there are continual maintenance issues and expenses you can...

Prices on older buildings can look attractive but you get what you pay for. The biggest challenge with older properties is being able to project expenses. Properties from the 1960’s 70’s, and early 80’s tend to have a lot of …

The state of Florida is continuing to see exponential growth, especially Central Florida. The markets of Tampa, Orlando, and Sarasota are adding jobs and population at an unprecedented pace. As a result, Real Estate rents and...

Even in deep recessions, Class B apartments are stable assets and generally withstand downward economic pressure. Class C apartments, on the other hand, pose significant risk because of unanticipated costs to repair and maint...

Unlike residential mortgages, commercial loans are vastly more complicated with thousands of different lenders with different lending guidelines and product types. As a result, the process can be overwhelming with a lot of po...

With the cost of construction and borrowing costs rising, it’s become prohibitive to build new neighborhood strip centers with very few new centers built in the last fifteen years. As a result, occupancy levels at existing pr...

40% of multifamily properties bought in Q 3 and Q 4 2020 and 2021 with variable rate debt will likely not get refinanced by their current lenders. In these scenarios, operators will be forced to attempt to raise more money …

As inflation has taken a big bite out of renter’s pocketbooks, delinquencies on C Class apartments have increased, and prices on these assets have come down. In the next couple years, a lot of inexperienced operators who boug...

In most tertiary markets in the Midwest, there’s been very little new building of multifamily housing in many years. Therefore, buildings in many of these markets have very high occupancy levels. These markets also tend to ha...

When making investments in Real Estate, the most important consideration is who you’re investing with. Proformas are always enticing, but the differentiator is the operator. More than the ability to judge the merits of a spec...

Unlike most other asset classes, Mobile Home Parks and Self-Storage facilities have maintained almost all of their value despite interest rates having skyrocketed over the past year. Rents in both asset classes have stabilize...

The most successful Real Estate investors determine when to invest in order to generate the highest returns. In a market where asset prices have skyrocketed, there are greater gains to be made in ground up development and lan...

Investing in single family dwellings and three to four-unit apartments can generate cash flow and appreciation, but they tend to be time consuming to manage. If you want to better leverage your time and your capital, it can ...

No matter what the economic trends, there’s always an opportunity to make money. You just need to see where the market’s heading. It’s not always in synch with the media and where everyone else is investing. Bob Fraser, Found...

Contrary to all the success stories, Real Estate is a hard business that requires resilience in order to be successful. It’s not a matter of if things will go wrong, it’s a matter of what will go wrong and when, …

Operating properties directly makes sense for people who want to be hands-on in the daily operations of a property and who have the time and experience to be successful at it. There are many cases, however where people acquir...

Real Estate is a local business that requires intimate knowledge of a market. This knowledge, plus being an expert on the daily nuts and bolt of operations, mitigates risk. Further risk is mitigated by in-house management to ...

It’s no secret that precipitously rising interest rates took many Real Estate operators by surprise, especially those who utilized shorter-term floating debt. As their loans are coming due and they’re being confronted with th...

If you’re willing to be patient and methodical with passive investing, and avoid undue risk, the rewards will compound over time beyond your wildest expectations and change your life. It just takes delaying gratification, kee...

Unless you have a very long time horizon, in which case time cures a lot of ills, being right on your timing will make you the most amount of money in Real Estate. Although Light Industrial has been white hot …

Property management makes or breaks deals in every asset class, but no asset class is more challenging than large multifamily. There are so many people involved, and so many components to the operations, that things are alway...