Feb 19, 2024
In this episode, JP and Adrian provide an update on the current real estate market conditions and investment opportunities.
They discuss why multi-family and affordable housing can still be attractive, even during market downturns. They also share advice for new real estate investors.
If you'd like to learn more about Thrive FP and multifamily real estate, head to https://thrivefp.com
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Timestamps:
0:00 - Introduction
0:14 - Current market conditions
0:29 - Why multifamily housing
0:54 - Defining apartment classes
1:48 - Affordable housing demand
2:58 - Impact of interest rates 3:38 - Geography's role
4:39 - Rent growth expectations
5:30 - Affordable housing supply
6:07 - Defining "affordable"
6:39 - Rent vs. own costs today
7:12 - Outlook for 2023-2024
7:49 - Prices and rents resetting
8:17 - Historical rent growth
8:46 - Advice for new investors
10:50 - Questions to ask sponsors
11:14 - Due diligence tips
12:13 - Focus on essentials
12:42 - Storage example
13:10 - Why multifamily works 13:49 - Affordability in downturns
14:00 - Wrap up
*This show is for entertainment purposes only.