Hey, dealmakers, welcome to the show where it's all about financial freedom with real estate.

Let's do this.

We've got a great question from one of our listeners, David, about something that a lot of operators are facing right now and or you may have heard about.

And that is a distress in the

multifamily industry for the last three years. We've maybe talked about here on the show.

But he was asking, my gosh, what does this look like behind the scenes? Like, what is the process?

Who do you talk to? Is it even possible? Now, I don't know David's background. It could be he's

simply curious or maybe he's going through something similar himself.

But I thought would answer this question here right here on the podcast.

And in fact, if you have a question like that, email us support at the michaelblank.com

or just hit us up on social media.

We might just answer the question in a future episode.

And I would say that the start of this really was the height of the market when

interest rates started going up 11 times in a row. That was really the start of the distress

that was happening in commercial real estate, multifamily specifically also affected office,

though office was mostly affected by COVID when people obviously didn't go to the

office anymore, but it was compounded by this rapid rise in interest rates. And we're going to talk

about this on a show of what really happened at, the mechanics of what created the distress.

And it wasn't just one thing. It was at least two to possibly three things. But we're going to

talk about here is the distress in what

one is doing about it. So I have my partner, Garrett Lynch, here on the call. We are not unaffected

by this. I would say if any operator bought anything over the last three years says they're

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