MB283: The State of Multifamily

<p>Is now really a good time to get started in multifamily?</p> <p>COVID put real estate on a bit of a roller coaster ride. The market cooled for a bit but then came back even hotter!</p> <p>So, is it too hot now? What should we be thinking about as we decide whether to invest now or wait until later?</p> <p>On this solo episode of Financial Freedom with Real Estate Investing, I explain why there will never be a PERFECT time to get into multifamily and discuss how we adjust our tactics with ups and down in the market.</p> <p>I offer insight on why real estate prices are going up right now and describe what soaring construction costs, ongoing demand for affordable housing and rising inflation means for multifamily.</p> <p>Listen in to understand the relationship between rising rents and property values—and find out why investing in REAL assets is the best thing you can do right now!</p> <h3>Key Takeaways</h3> <p>My insight on why now is the right time to get into multifamily</p> <ul> <li>There will never be a PERFECT time to get started</li> <li>If fundamentals are strong, stick with strategy but adjust tactics</li> <li>Don’t ask, ‘Should I get started?’ but ‘How can I get started?’</li> </ul> <p>Why real estate prices are going up right now</p> <ul> <li>Low interest rates</li> <li>Increased demand</li> <li>Rising inflation</li> </ul> <p>The impact of soaring construction costs</p> <ul> <li>Median price of house up from $286K to $326K</li> <li>Affordable housing shortage worse than ever</li> </ul> <p>What the current inflationary environment means for multifamily</p> <ul> <li>Rising incomes and rents (in growing markets)</li> <li>Increasing NOI means value of building goes up</li> </ul> <p>The case for investing in multifamily</p> <ul> <li>Ongoing high demand and limited supply</li> <li>Rising incomes + inflation = higher rents</li> <li>High rents + low interest rates = higher prices</li> </ul> <p>Why it’s a good idea to invest in real assets right now</p> <ul> <li>Potential devaluation of dollar</li> <li>Hold thi