Multi Family Bloodbath - Episode 13
The David Greene Show
David Greene
5 • 653 Ratings
🗓️ 17 October 2024
⏱️ 73 minutes
🧾️ Download transcript
Summary
Multi family bloodbath! Commercial investors know, but if you focus on residential real estate, you likely have NO idea how bad it is in the multi-family and triple net space-until you watch today’s show. Andrew Cushman, my friend and investing partner, pull back the curtain and share what’s going on in the multi-family space and why people are losing so much money but nobody is talking about. In todays’ show we break down how to understand how commercial property is valued, what terms like NOI and CAP rate mean, and how interest rate fluctuations wreak havoc or create paradise for commercial property operators. We also share how many “passive” investors have lost their entire investment getting into these deals, and how some are being pressured to lose even more than they put in. If you’ve ever been interested in how multi-family investing works, or thought about making the jump from residential to commercial, today’s episode is an absolute must listen. Sharing the info you need with no agenda, today’s episode of real talk real estate will leave you smarter, wiser, and more informed than you were before listening! Invest with David and Andrew: https://www.davidgreene24.com/invest Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: [email protected] Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management [email protected] Investor Retreat DavidGreene24.com/retreat
Transcript
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| 0:00.0 | Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches. |
| 0:07.0 | I'm David Green, and I've been doing this for over 10 years. |
| 0:10.0 | I've seen the ups, the downs, and everything in between. |
| 0:13.0 | This is the show where we pull back the curtain and show it to you too. |
| 0:16.0 | So if you want to build wealth through real estate or you just love learning about it you found your home what's going on everyone |
| 0:27.1 | welcome to the david green show i'm your host and this is real talk real estate today i'm bringing in |
| 0:33.0 | the big guns my good buddy andrew kushman you've seen them on the bigger pockets podcast you've seen them on the Bigger Pockets podcast, |
| 0:37.9 | you've seen them on my social media. And if you're investing in real estate with he and I, |
| 0:41.8 | you probably have seen us together on Zoom calls. Andrew is my partner in the multifamily space. |
| 0:46.9 | We buy apartments together. We often raise money and let other people get involved in those deals. And in today's episode, Andrew and I talk about the bloodbath going on in the multifamily space. |
| 0:57.8 | If you're not a multifamily investor, I think you're going to really like today's show because we break down some of the concepts that you've heard other people talk about, |
| 1:04.0 | but maybe felt stupid about when you were at a real estate meetup or a cocktail party and people held up their pinky with their shot glass and said, |
| 1:10.4 | oh, yes, we've got |
| 1:11.4 | a wonderful NOI and the cap rates have compressed. And I just can't understand why other people |
| 1:17.3 | aren't making moves and taking auction. Well, now you're going to understand exactly what some of those |
| 1:22.4 | phrases mean, how multifamily is valued and the fundamentals that go on in it. So you can decide if that might be an investment that you want to get into or if you'd prefer to |
| 1:30.9 | stick to residential, but at least know what's going on in that world. |
| 1:34.0 | We're going to talk about the economy, the Fed raising interest rates, how that's affected |
| 1:38.1 | multifamily real estate and most importantly, what to do if you're in a syndication or you |
| 1:43.3 | own some of these assets, you're losing money |
| 1:45.9 | and the operators are asking you to put even more money in. That's called a capital call. |
| 1:49.9 | We're going to talk about that today and give you some advice for what to do if you're in that |
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