What Smart Investors Are Buying in a “Bad” Market
Ken McElroy Show
Ken McElroy
4.8 • 692 Ratings
🗓️ 12 June 2025
⏱️ 39 minutes
🧾️ Download transcript
Summary
Multifamily real estate is at a critical turning point, with rising vacancies, frozen construction, and syndicators surrendering properties. In this episode, Ken & Danille McElroy break down why these apparent cracks in the market could mean massive opportunities for investors who know where to look.
Looking for more guidance on your investment and life in general? Join Ken & Danille at the Limitless Expo Conference in Dallas this July! Follow this link to learn more and use the code "Ken10" at checkout to get 10% off your ticket. https://bit.ly/LimitlessYT20250502
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
Ken's company: https://mccompanies.com
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Transcript
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| 0:00.0 | Real estate supply is rising in surprising ways and is creating new opportunities for real estate |
| 0:05.7 | investors. Here's what you need to know. So less changing in the multifamily market now. |
| 0:10.2 | Finally. I know it's so good. Yeah. You know, I see that the completions are down 28% year over |
| 0:17.0 | year, which is kind of what you said because there's not a lot of new construction going on |
| 0:21.0 | right now. The cool thing about it is you don't really have to go very far. It's like permits, |
| 0:26.1 | pulled, you know, new construction. You either put a shovel in the dirt or you don't. There's either |
| 0:30.9 | a construction loan or there isn't. And so the cool thing about real estate is it takes a while, right? |
| 0:38.3 | So the minute you break ground on something, it could be a good year before it even opens. |
| 0:43.6 | So that's easy to track. |
| 0:46.1 | It's really easy to track to see what supplies being added, what's been permitted and actually hasn't started. |
| 0:53.5 | Kind of like our house, you know, |
| 0:54.7 | like we got it already. We got it permitted, but we never actually pulled the trigger and |
| 0:58.5 | broke ground on it. Well, so you got to be able to distinguish the difference of the two. |
| 1:03.8 | And, you know, what happened was interest rates went up a lot. Yeah. Like, you know, I think it was 21 and |
| 1:09.5 | 22, they started to go up and they peaked. And gosh, when inflation hit those high numbers at 9.1%, the Fed reacted and started jacking rates. Well, construction was the same. And so people pulled back because like anything, higher mortgage costs means that you might want to take a pause. |
| 1:28.9 | So especially when you have land, like what's the risk, right? |
| 1:32.2 | Oh, I'm just going to wait, right? |
| 1:33.5 | Yeah, absolutely. |
| 1:34.5 | That's the cool part. |
| 1:35.8 | Yeah, and, you know, it was interesting because we saw such a boom of those Class A units from 21 to 23. |
| 1:41.3 | That was also interest rates, right? |
| 1:43.1 | Yeah. |
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