4.8 • 692 Ratings
🗓️ 5 August 2025
⏱️ 43 minutes
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0:00.0 | Today we're here at Limitless and Ken and I are going to discuss why he is bullish on the real |
0:09.8 | estate market in 2025. How many of you think real estate is overpriced right now? So Ken, what would |
0:16.9 | you, what's your take? Well, I think it's a big category, right? Like, so, I mean, |
0:22.0 | are you talking about condos or office buildings or multifamily or industrial or storage or land? |
0:27.9 | You know, like so there's just so many things. But I think generally, I think the price of single family |
0:34.8 | housing is kind of high. You know, it's come down a little bit, but it's really, as you guys saw earlier, it's above the one year, you know, 12, 12 months, it's higher. |
0:46.6 | Although I don't know where that'll go. |
0:48.3 | But if you start to take a look at some of the commercial stuff, I think it's the values are down a lot. You know, they're down 20, 30, 40 percent depending on where and a lot of markets. Yeah, and that's kind of the space that you work in and you guys are finding some really good deals right now. Well, we're finding a lot of bad deals too. You know, like, yes, we are fun. But it's hard to find good deals. |
1:12.0 | There's a lot of bad deals. |
1:17.9 | So I'll tell you, we looked at a deal in Dallas, actually. |
1:19.2 | Now I forgot we're here. |
1:21.4 | But it's like 250 units. |
1:25.3 | And the broker sent it to me. He said that the first line was the lender will take $14 million for this |
1:31.1 | 250 unit building. I was like, okay, that kind of got my eye. And then I started reading more. |
1:39.2 | And it's the loan was $25 million. So the, you you know basically the lender is taking an 11 million |
1:47.3 | haircut but also don't forget about the equity right the equity's gone so the equity is long |
1:54.8 | gone the lender's now taking this 11 million dollar hit um and i passed like because, you know, so then, you know, so you would think those numbers |
2:05.5 | that would be an incredible deal. |
2:07.3 | But why didn't I buy it? |
2:09.0 | I didn't buy it because, uh, the location sucked. |
2:13.3 | Um, it was a rough area. |
2:15.3 | Uh, it was 35% occupied. |
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