5 β’ 831 Ratings
ποΈ 21 November 2022
β±οΈ 11 minutes
ποΈ Recording | iTunes | RSS
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| 0:00.0 | Everybody, Jake Juno here and today. |
| 0:07.0 | All right, Jek Gino here, and today we're discussing why we believe now is an interesting time to invest in multifamily real estate. |
| 0:31.1 | Gang, if you go back to 2009 to 2014, there were deals out there, but there were less people willing to jump back |
| 0:40.7 | into real estate investing. |
| 0:42.7 | In addition to that, the banks were far from eager to finance the deals. |
| 0:49.0 | So you had less buyers and you had less financing available, |
| 0:55.0 | even though there were quote unquote deals to be had. |
| 0:58.0 | Fast forward to 2015 to say 2018. |
| 1:01.0 | This was where things started to really stabilize. |
| 1:05.0 | Deals were nice at that point. |
| 1:07.0 | You saw appreciation. |
| 1:09.0 | Pricing was going up. |
| 1:14.1 | But those deals that you had from 2015 to 2018, |
| 1:15.5 | fantastic. |
| 1:16.9 | Some of the best deals that we've done. |
| 1:18.2 | A little better vintage. |
| 1:21.7 | Some of the sellers were coming back with really solid deals. And things really didn't ramp up that much. |
| 1:25.0 | Now, 2019 to 2022, we saw an incredible run-up in valuations. Why did this happen? |
| 1:31.9 | Government was printing money like crazy people. Okay, it was just insane amount of money printing |
| 1:37.9 | led to inflation. Okay. And ultimately, you know, you had a ton of syndicators plowing money into the market. |
| 1:46.2 | Investors were saying, here, syndicator, go get me a deal. And this just really caused some expensive deals. |
| 1:52.2 | They ran up because of cheap debt and ultimately a high demand. So where are we today? You know, we can't decide as a society. Are we in a recession? |
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