711: Is This the BIGGEST Multifamily Opportunity in 10 Years? w/Andrew Cushman and Matt Faircloth

Multifamily real estate investing was almost impossible to break into over the past few years. Even those that had been in the field for decades were finding it challenging to get offers accepted or deals underwritten. Investors were throwing in almost unbelievable amounts of non-refundable earnest money, going well over asking price and analyzing deals at lightning speed, which often led to mistakes, not more money. But the tables have turned, and now, thanks to high interest rates, the buyer is in the driving seat. And how could it be a multifamily episode without Andrew Cushman and Matt Faircloth? These two expert multifamily investors have been buying apartments for decades and helping others do the same! In this episode, Andrew and Matt break down what has gone on in the multifamily markets, why cap rates haven’t kept pace with interest rates, and what buyers can do now that sellers have lost most of their bargaining power. You’ll also get to hear their multifamily predictions for 2023, how far they expect prices to fall, and what you can do to start or scale your multifamily investing this year! Then, Andrew and Matt take questions from the BiggerPockets forums and live Q&As with new multifamily investors. These topics range from property classes explained to raising private capital from investors (who aren’t your mom) and the risks and rewards of investing in smaller markets. Whether you’re interested in duplexes, triplexes, or two-hundred-unit apartment complexes, Andrew and Matt have answers for you! In This Episode We Cover: The mortgage and cap rate battle and how the two are unbalanced in 2023 The multifamily buyer’s market and why now is the time to aggressively chase deals 2023 housing market predictions and what multifamily investors can expect  How to start, or scale, your multifamily real estate portfolio this year  Long-distance real estate investing and assessing a property market from afar How to raise money from private investors and expanding your network The hidden dangers behind investing in a small, tertiary markets And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Andrew's BiggerPockets Profile Andrew's LinkedIn Vantage Point Acquisitions Matt's BiggerPockets Profile Matt's Instagram DeRosa Group Paul Moore’s Article on Interest Rates and Cap Rates Books Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Raising Private Capital by Matt Faircloth The Intention Journal by Brandon Turner Connect with Philip & Daniel: Philip's BiggerPockets Profile Philip's Instagram Philip's Website Daniel's BiggerPockets Profile Daniel's Twitter Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-711 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices