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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 12 July 2022

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing in apartment buildings may seem like a big jump to everyday real estate investors. Mom and pop landlords—used to buying single-family houses or duplexes—may see apartment buildings as far outside their reach. And this, for the most part, has been true over the past two years. With high competition, equally high prices, and syndication deals popping off every other second, regular investors haven’t been able to invest in large multifamily real estate—until now. Andrew Cushman and Matt Faircloth started as solo-investors like most of us. But, over the past decade, they’ve both grown large multifamily portfolios, and know exactly how hard it's been over the past two years. They’re finally starting to see some cracks in the institutional armor of multifamily, allowing small-time investors to get deals while everyone else is fleeing from high interest rates and an oncoming economic downturn. If you’ve been waiting to level up your investment portfolio, make big equity gains, and bring in massive passive income, then this is the episode for you. And, if you feel like you’re too new to invest, the BiggerPockets Multifamily Bootcamp, hosted by Matt Faircloth, will give you everything you need to go from onlooker to investor! In This Episode We Cover: Multifamily “tailwinds” that are making apartment investing easier in 2022 and 2023 The hidden opportunity of multifamily that most investors don’t pay attention to How creativity became crucial in the real estate industry and using it to score better deals Which multifamily properties are safe from an economic downturn and inflation The seven ways that you can mitigate multifamily risk when investing How to start building your multifamily strategy today so deals flow to you as competition thins And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts David's BiggerPockets Profile David's Instagram Sign Up For the BiggerPockets Multifamily Bootcamp BiggerPockets Podcast 88 BiggerPockets Podcast 203 BiggerPockets Podcast 289 BiggerPockets Podcast 170 BiggerPockets Podcast 279 BiggerPockets Podcast 586 Vantage Point Acquisitions DeRosa Group Invest with David Greene Book Mentioned in the Show Raising Private Capital by Matt Faircloth Connect with Matt and Andrew: Andrew's BiggerPockets Profile Matt's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-634 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Podcast Show 630 Forward.
0:04.6	So that's a silver lining. If it has been too competitive for you to get into this business
0:10.3	the last five years, that is about to ease off. And this could be your window.
0:15.0	And one last thing I'd say is that the interest rates have been low for a while, right?
0:21.2	We were able to borrow money's on multi-family at three, three and a half, sometimes maybe even
0:26.0	the two percent. Those rates are, you know, it's hard to sell those properties. But now,
0:30.6	if I've got a property that I borrowed at three percent interest on, what's going on?
0:34.6	Everyone, my name is David Green and I'm your host of the Bigger Pockets Real Estate Podcast.
0:38.6	Here today with a fire episode that if you like multi-family investing, you are guaranteed to love.
0:43.8	Today I bring back former guests, Andrew Kusman and Matt Faircloth both go-bundish members and
0:50.0	multi-family experts that I sort of rub elbows with and talk shop about the multi-family market
0:55.6	many of you know, Andrew is the person that I partner with when I do multi-family deals and
0:59.2	Matt wrote the book for Bigger Pockets, Raising Private Capital. Andrew's bidon shows 172.79, 571.586.607.
1:07.4	Matt's bidon shows 88.203.289. I know I said those quick, but if you really want to listen,
1:12.2	come back to this at the end of the episode, write down those show numbers and hear more about their
1:16.4	story. In today's show, we get into what's going on in the state of the market with multi-family,
1:21.5	including strategies that are working with this new interest rate hike, what to watch out for,
1:25.6	what asset classes to go after, what a whisper price is, and more that if you like multi-family
1:31.3	investing, you should love because you're finally getting an opportunity to not get out bid by the
1:37.1	big guys that raised a whole bunch more capital than you did and just went in with a bigger number
1:41.2	than you could. Before we bring them in today's quick tip is simple and it's brought to you by my
1:46.4	good friend, the Matt man. Here's something you have to understand about Batman when he was a young
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