when you say no quickly you get to the yes quicker right most of the time what we do is we try to say yes to everything oh the broker you know he sent me the first deal and I know I said 75 or to you know 125 units but he sent me a 400 units so maybe I'll look at it and now you're all over the place you don't know how they operate you don't know how they run you don't know where your combs are you don't know where your neighborhoods are right so it just sets you up for failure so the more you can put blinders on to be very specific, it's gonna take you longer to the deal it seems

because you have less opportunities, but you're gonna stop wasting so much time

looking over a thousand deals that ultimately aren't just gonna pencil.

Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building,

all while keeping it real.

No fluff, no BS. I hope that you enjoy the show.

All right guys, welcome to another episode of the report. Today I got someone who I first ran a podcast with probably four or five years ago on my first

podcast the multifamily take-off that I used to have with a couple old partners that I used to buy real estate

with and I'm not connected with this guy for a few years now but

excited to have him back. I got him live in a studio today. I got my man Jason, your

roosy. Jason, welcome to the show brother. Yeah, it's great to be here. Yeah I do likewise man. Dude super

excited to have you on it's been a little bit since I've had a multi-family

guest on and I love talking multi-family. It's it's an asset class that's

evergreen. I think there's never going to be a replacement for two things, a place for people to sleep and a place for people to store their belongings.

And it's definitely an asset class that I want to continue buying over the years.

Currently owns some multifamily, but dude, you own

over $300 million in multifamily real estate.

I guess first things first, dude, what the hell is going on with the multifamily asset class today?

So we went through, of course couple turbulent years right we had a

bunch of factors yet the interest rates right so that went up historical levels

right most increases we've had any set time in history right so then that puts a lot of stress on valuations, put a lot of stress on

lending environments and also as a lender, right? A lender saying, well, I don't know where to lend my money out at.

...