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147: Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It! w/Brian Burke and Matt Faircloth

147: Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It! w/Brian Burke and Matt Faircloth

FromOn The Market


147: Top Multifamily Investors’ Advice for Buyers in 2023? DON’T Do It! w/Brian Burke and Matt Faircloth

FromOn The Market

ratings:
Length:
62 minutes
Released:
Oct 9, 2023
Format:
Podcast episode

Description

The multifamily real estate market went from bad to worse. Interest rates are still at record highs, cap rates have somehow stayed compressed, rent growth looks bleak at best, and sellers refuse to budge on their prices. As a result, inexperienced operators are picking up so-called “deals” to shop around to their investors—and they could be walking into a massive financial trap without even knowing it.
If you want one hundred and one reasons NOT to buy multifamily right now, Brian Burke is here to help. But, if you want a counteracting force of optimism as to why you should pursue multifamily properties, Matt Faircloth can balance out this debate. These investors have owned and managed THOUSANDS of apartment units, but NEITHER of them has bought in over a year. Brian even went as far as selling most of his portfolio right before the commercial crash, a move many thought was far from wise at the time.
These two time-tested multifamily experts come on today to talk about the commercial real estate crash, the “chaos” that could ensue over the next year, why inexperienced syndicators are about to bite the dust, and why multifamily investing may not be the move to make in 2023. Think this is just a bunch of scare tactics to keep you away from good deals? Tune in to be surprised.
In This Episode We Cover:
The multifamily market crash and why sellers are STILL asking for all-time-high prices
Risky real estate debt and what you MUST know about commercial financing before you buy another property
What Brian and Matt MUST see in a property before they send in an offer
The “wave of foreclosures” that won’t come and deals being done in the shadows 
What to do RIGHT now as the market is in shambles to make the most money in the future
Cap rate compression and why these high multifamily prices can’t last
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
Dave's Instagram
James' BiggerPockets Profile
James' Instagram
Meet Brian and Matt at BPCon!
Sign Up for the BiggerPockets Multifamily Bootcamp
The Multifamily “Bomb” is About to Blow, Here’s What You Need to Know
Books Mentioned in the Show
Raising Private Capital by Matt Faircloth
The Hands-Off Investor by Brian Burke
Connect with Brian
Brian's BiggerPockets Profile
Brian's Website
Brian's Instagram
Connect with Matt
Matt's BiggerPockets Profile
Matt's Website
Matt's Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-147
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Released:
Oct 9, 2023
Format:
Podcast episode

Titles in the series (100)

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.