Excellent discussion between the three of you. Loved the class A/B/C conversation. I moved into class C a few years ago because of the cash flow and the value add opportunity. It may not be everyone's cup of tea, but I look for value add exclusively because I love turning a lump of coal into nugget of gold. It's fun for me and is actually what gets me excited each morning when I wake up. At that point, either holding or selling are both great options. And I NEVER have to look for a tenant, no matter what the economy is doing.
Hey David. Keep these coming. I’ve been scanning the episodes lately for topical info on today’s market/future market and this is just what I’m looking for. Thanks!
David as usual whenever Andrew Cushman is on the podcast its antennas up . Just absorbing! that dude is very good at what he does and you should just bring him in every other week. Anyways , yes we need those two back so we can continue to learn from their vast knowledge and as you say, this was a master class .. I’m in the small multi family space but I continue to learn from you giants.. Andrew Matt and yourself. Thanks for all you do .
Being an MF investor for 25 years (and not a perfect one on timing, etc), this has been a fantastic podcast. These guys are the real deal. What they are saying is 100% truth, though each has their own perspective. I also started out in class C exclusively and still dable in that product class if the price is right, but those are not properties I want to keep. I view class C cap rates as an illusion. In truth, all cap rates in all product classes are an illusion, but class C cap rates are a larger illusion than B and A. There are more collection issues, more damage issues, and typically more turnover costs in class C than in class B and A (or that is my experience). As such, I've migrated to mostly class B, though I have probably 25% class A (the prizes of my portfolio) and 25% class C, the properties that were a great buy. But, when I do decide to sell a property, which isn't often, I find that it is always a class C. There is just less "issues" with the higher class properties. I think that within the next 6-12 months there will be some nice pricing opportunities developing and I may do some money raises to pick up some additional units. I've been mostly locked out of the market over the last 24 months and have only added about 40 units to my portfolio as that is all I could find that cash flowed without making enormous rent increase assumptions that relied on timing luck vs historical norms.
Thank you for posting this. I'm a newbie wanting to invest and as I analyze financials and rent rolls everything is wayyyy overpriced. There is no cashflow. Searching for off market opportunities but no luck, yet.
Friggin gold! I've had this episode on loop since it was released. So much relevant information to soak up from these masterminds. This is the stuff I need to hear as a small-time investor with a handful of doors. Motivation to level up. I'm looking to flip 4 green houses into one red hotel. Keep up the good work David G.
This was a great conversation. I’m looking to invest in Multifamily by the end of the year and starting to build relationships in my market. I’m laying the foundation now. Thank you for all the great pearls of wisdom. Please more of this would be amazing.
Great stuff. Loved this format. It would be interesting to hear a show on the first partnership experiences people had, and how they were structured, then how the partnership strategy evolved and what drove the changes.
Yes pleaseeeeeee! This format of debates between experts is an amazing format to add to the formats and the topic of things to do differently would be much appreciated. Thank you so much for somehow always keeping these meaningful and somehow not repetitive with this many episodes.
Yes please let's do this again! My partner and I have been listening to bigger pockets for two years now and we are so ready to get into this fun but we need to figure out how to jump in other than reading, listening and learning. Soon we need to pull the trigger but we would love to hear how you gentlemen would do it again! Thanks for sharing and keeping us educated in this crazy world!
Hi Sarah. BiggerPockets shows us how to build a foundation that supports generational wealth. Small multi-family, 2-4 unit apartments, is an excellent asset class to begin your real estate journey. Try using a rental property calculator on some deals from that asset class in your area. Note: While at a 3-5% down payment for an FHA loan, the buyer must live on the premises for at least one year.
The reason buying rental real estate is seeing less competition is because cashflow is dropping. So if you're willing to buy without cashflow you're good.
I have worked in real estate development, brokerage for over 20 years and trying to transition to an investor! This episode went beyond vague concepts and I really appreciated the analyses of various classes of multifamily real estate, and the pros and cons of each in the context of the shift we are seeing in today's market. really excellent content with depth, I will be back for more! thank you!
This was a great podcast. The thing I like most is that you guys don't always agree, and yet each of your positions is relevant given the circumstances of your market and business model.
Bring them back! As a small time multifamily investor (92 units over 7 properties) these kind of guests are so valuable. Please please please make a part II
Hey David - Love these shows. I would especially be interested in hearing what Andrew and Matt would do in today’s market if they were just starting out from scratch.
Looking forward to having these guys back. Excellent job of delivering a lot of info that could be understood at every level. In such a short period of time. Thank you
This was fantastic!! I think my favorite part is that you all spoke in terms that those of us still in small business trying to scale up can understand and apply. My biggest take away was the advice to expand our team! Thank you!
Great conversation and info. Appreciate more discussion on larger scale multifamily investing and look forward to listening to Part II with these two again.
Hi David. Great format. I think having guests with ‘conflicting’ views, and getting them to semi-debate their views, net a higher return of quality information. We get to see 2 or more viewpoints and questions are addressed when otherwise would not be when all parties agree on all topics. Keep rocking this podcast! Thank you!
hello, I enjoy Bigger Pockets videos thanks. The mention at the end of this one, yes I'd really like what you mentioned - on hearing from experts of what you would do and/or best advice when someone is first starting into the particular investment strategy. Thank you. And we have this particular interest, into hopefully any level of a multifamily, and/or I've already wished for a long time to find ways into STR's too. We've debated once a route to getting into one via a PL we talked to once, but he wanted us to have a back up signor, so it didn't happen. But guess we just gotta keep trying at it all/to find ways into things as the little guys still., and thanks much.
This was ABSOLUTELY FANTASTIC 💯 👌 Lots of Gold nuggets in this video! I loved hearing both sides of the class a or b vs c and David's summary was Bomb... Location, location, location is still true today!
This was a fantastic episode! Would have to see these guys back on an episode. The portion of the show that talks about loan compliance was a huge eye opener for future purchases! Really enjoyed the talk about DSCR as well.
This episode was by far the greatest I've ever listened to. If you listen to this several times you have all the information you need to get started, I have one 6unit that I am managing myself for the experience. It is a cash flow move little or no appreciation but I am making 1500.00 a month spendable income. I am excited about what's happening. Listen to this episode over and over then get out there and get creative. My best to all
22:05 ! He was right about that! Either they were not around, too young to remember, or just paying attention to the why's on how the market crashed the last time. Being someone that has spent all of my corporate life in the financial sectors I was in the know. Also had friends working in the mortgage industry at the time. Don't hold your breath on a crash like 07-08!
Great episode. I'd like more technical discussions like this one (cap rate spread, DSCR, etc)! Also, please put the podcast episode # in the title. You actually might get more people who leave comments on the video when you call it out in the podcast: "please leave comments letting us know what you liked and what you didn't". It's harder to do when you don't know which UA-cam video corresponds to the podcast episode you were listening to.
this was an amazing show! one of my favorites since the reformatting! i loved the banter and the different views. i would also love to see that show if they were to start again! Multifamily "fires me up" as brandon turner would say so listening to this was amazing!
Great show today, you're guest's were also very informative and knowledgeable. Please make a video about how to get started and bring back the same guest's.
Definitely need to hear and would appreciate the insight provided from these top players starting from scratch most importantly in todays current market! Keep up the great work David and BP team!!
I'm a new subscriber and I loved this video! I am new to investing and am considering getting into the multi-family market, but I know I have a lot of learning ahead. I'm eagerly looking forward to the next video with these guests!
No bank is going to let you assume a loan, as those loans are killing them at those lower rates. Those banks will call those loans due as soon as they see a change in ownership on the title.
Excellent discussion between the three of you. Loved the class A/B/C conversation. I moved into class C a few years ago because of the cash flow and the value add opportunity. It may not be everyone's cup of tea, but I look for value add exclusively because I love turning a lump of coal into nugget of gold. It's fun for me and is actually what gets me excited each morning when I wake up. At that point, either holding or selling are both great options. And I NEVER have to look for a tenant, no matter what the economy is doing.
Hey David. Keep these coming. I’ve been scanning the episodes lately for topical info on today’s market/future market and this is just what I’m looking for. Thanks!
l
bbo I bought. a. oo
Excellent episode and please keep these types of market insight episodes coming. Would love to see these guys talk once a quarter on market trends!
David as usual whenever Andrew Cushman is on the podcast its antennas up . Just absorbing! that dude is very good at what he does and you should just bring him in every other week. Anyways , yes we need those two back so we can continue to learn from their vast knowledge and as you say, this was a master class .. I’m in the small multi family space but I continue to learn from you giants.. Andrew Matt and yourself. Thanks for all you do .
This was an absolute fantastic show! Yes! I'd like to see more of this type of format. 👍
Being an MF investor for 25 years (and not a perfect one on timing, etc), this has been a fantastic podcast. These guys are the real deal. What they are saying is 100% truth, though each has their own perspective. I also started out in class C exclusively and still dable in that product class if the price is right, but those are not properties I want to keep. I view class C cap rates as an illusion. In truth, all cap rates in all product classes are an illusion, but class C cap rates are a larger illusion than B and A. There are more collection issues, more damage issues, and typically more turnover costs in class C than in class B and A (or that is my experience). As such, I've migrated to mostly class B, though I have probably 25% class A (the prizes of my portfolio) and 25% class C, the properties that were a great buy. But, when I do decide to sell a property, which isn't often, I find that it is always a class C. There is just less "issues" with the higher class properties.
I think that within the next 6-12 months there will be some nice pricing opportunities developing and I may do some money raises to pick up some additional units. I've been mostly locked out of the market over the last 24 months and have only added about 40 units to my portfolio as that is all I could find that cash flowed without making enormous rent increase assumptions that relied on timing luck vs historical norms.
Thank you for posting this. I'm a newbie wanting to invest and as I analyze financials and rent rolls everything is wayyyy overpriced. There is no cashflow. Searching for off market opportunities but no luck, yet.
this is a very interesting and helpful comment on this, thank you.
Friggin gold!
I've had this episode on loop since it was released. So much relevant information to soak up from these masterminds. This is the stuff I need to hear as a small-time investor with a handful of doors. Motivation to level up. I'm looking to flip 4 green houses into one red hotel.
Keep up the good work David G.
This was a great conversation. I’m looking to invest in Multifamily by the end of the year and starting to build relationships in my market. I’m laying the foundation now. Thank you for all the great pearls of wisdom. Please more of this would be amazing.
Great stuff. Loved this format. It would be interesting to hear a show on the first partnership experiences people had, and how they were structured, then how the partnership strategy evolved and what drove the changes.
Yes pleaseeeeeee! This format of debates between experts is an amazing format to add to the formats and the topic of things to do differently would be much appreciated. Thank you so much for somehow always keeping these meaningful and somehow not repetitive with this many episodes.
Yes please let's do this again! My partner and I have been listening to bigger pockets for two years now and we are so ready to get into this fun but we need to figure out how to jump in other than reading, listening and learning. Soon we need to pull the trigger but we would love to hear how you gentlemen would do it again! Thanks for sharing and keeping us educated in this crazy world!
Hi Sarah. BiggerPockets shows us how to build a foundation that supports generational wealth. Small multi-family, 2-4 unit apartments, is an excellent asset class to begin your real estate journey. Try using a rental property calculator on some deals from that asset class in your area.
Note: While at a 3-5% down payment for an FHA loan, the buyer must live on the premises for at least one year.
This is excellent! I'm looking to purchase my first multi-family in the San Francisco Bay Area. This is priceless! I will continue to listen.
This is best episode this year. Please bring back Matt and Andrew!! More of this!!
The reason buying rental real estate is seeing less competition is because cashflow is dropping. So if you're willing to buy without cashflow you're good.
Corporations should get last position. They're are people that actually want to live in a home, not just exploit it for profit.
Absolutely, please David keep this coming. So much great information, I have to watch it twice.
Bring them both back! Every episode with Andrew has been an absolute masterclass!
Loved this - please have them back; I'm "starting from zero" so I'm looking forward to that conversation. Thanks so much for all you're doing!
I have worked in real estate development, brokerage for over 20 years and trying to transition to an investor! This episode went beyond vague concepts and I really appreciated the analyses of various classes of multifamily real estate, and the pros and cons of each in the context of the shift we are seeing in today's market. really excellent content with depth, I will be back for more! thank you!
This was a great podcast. The thing I like most is that you guys don't always agree, and yet each of your positions is relevant given the circumstances of your market and business model.
Bring them back! As a small time multifamily investor (92 units over 7 properties) these kind of guests are so valuable. Please please please make a part II
Hey David - Love these shows. I would especially be interested in hearing what Andrew and Matt would do in today’s market if they were just starting out from scratch.
Looking forward to having these guys back. Excellent job of delivering a lot of info that could be understood at every level. In such a short period of time. Thank you
This type of discussion is better by far than many recent episodes.
This was fantastic!! I think my favorite part is that you all spoke in terms that those of us still in small business trying to scale up can understand and apply. My biggest take away was the advice to expand our team! Thank you!
So glad I found this channel. Priceless information here on many fronts! Thanks, guys!
Great conversation and info. Appreciate more discussion on larger scale multifamily investing and look forward to listening to Part II with these two again.
Definitely one of the best episodes I've listened to. The characters of Matt and Andrew clashed well and made for a very entertaining podcast.
Hi David. Great format. I think having guests with ‘conflicting’ views, and getting them to semi-debate their views, net a higher return of quality information. We get to see 2 or more viewpoints and questions are addressed when otherwise would not be when all parties agree on all topics. Keep rocking this podcast! Thank you!
Great topic! Definitely keep episodes like this coming.
Thank you!!
hello, I enjoy Bigger Pockets videos thanks. The mention at the end of this one, yes I'd really like what you mentioned - on hearing from experts of what you would do and/or best advice when someone is first starting into the particular investment strategy. Thank you. And we have this particular interest, into hopefully any level of a multifamily, and/or I've already wished for a long time to find ways into STR's too. We've debated once a route to getting into one via a PL we talked to once, but he wanted us to have a back up signor, so it didn't happen. But guess we just gotta keep trying at it all/to find ways into things as the little guys still., and thanks much.
I love it
Keep on doing these video
David I enjoyed this show a lot, it pure educational as always. Please bring these guys back. Thank you a ton David.
Homerun show!...as a owner/operator I really appreciated the conversational content.
Get that video to us bro … this is real estate greatness right here .
Hey David. Yes, this content is great. I want to hear more about the nitty gritty of working with Multi family properties.
BP fan, new loyal follower! Thank you for sharing your knowledge.
This was ABSOLUTELY FANTASTIC 💯 👌 Lots of Gold nuggets in this video! I loved hearing both sides of the class a or b vs c and David's summary was Bomb... Location, location, location is still true today!
Hi David, great show! Pls do the 2nd part to this show! this has been very valuable!
This was a fantastic episode! Would have to see these guys back on an episode. The portion of the show that talks about loan compliance was a huge eye opener for future purchases! Really enjoyed the talk about DSCR as well.
We loved it… please bring more of this content David 👌🏼👏🏼
Awesome show. Love the debating between both investors
Amazing podcast. Love the content can’t wait until the next one
This episode was by far the greatest I've ever listened to. If you listen to this several times you have all the information you need to get started, I have one 6unit that I am managing myself for the experience. It is a cash flow move little or no appreciation but I am making 1500.00 a month spendable income. I am excited about what's happening. Listen to this episode over and over then get out there and get creative. My best to all
MORE MORE MORE!!! MORE MORE!! Amazing episode! Thank you! Pls keep more like this coming! Thx
Amazing Market Knowledge and perspectives from Andrew and Matt! yes bring them back please !
Hey David love the show and finishing your book brrrr thank you for all your inside. 👋🏽 Brando
Absolutely loved this show! Please more on investing in Apartment buildings. Thank you so much.
Yes, these are great conversations! Let’s keep them coming “Let’s hear them start from zero”
This was amazing thanks for the info I’ve been starving for this and want more thank you 🙏🏾
22:05 ! He was right about that! Either they were not around, too young to remember, or just paying attention to the why's on how the market crashed the last time. Being someone that has spent all of my corporate life in the financial sectors I was in the know. Also had friends working in the mortgage industry at the time. Don't hold your breath on a crash like 07-08!
Great show. I would love to hear from these guys again.
Fantastic show and learned so much . Hope they do another show .
Loved this episode and I’d die to hear an episode of the sort you spoke about at the end
I need the starting from zero to 100 guide PLEASE DAVID!
Master class, bring these guys back!!
Keep them coming!! Love these high level thinkers
Great episode. I'd like more technical discussions like this one (cap rate spread, DSCR, etc)! Also, please put the podcast episode # in the title. You actually might get more people who leave comments on the video when you call it out in the podcast: "please leave comments letting us know what you liked and what you didn't". It's harder to do when you don't know which UA-cam video corresponds to the podcast episode you were listening to.
Awesome show, great discourse on the coming market changes.
Thank you so much!! Incredibly helpful! Master class is right!
Great episode! Really helpful and timely info!
Great episode! Please keep these type of conversations coming!
Andrew & Matt back back to learn from doing it over again!
Yes! More Andrew and Matt! (And metaphors!)
Best show ever. Please keep up the great conversation!
The information I received today was Greatly Appreciated 👍🏿
Fantastic! Great episode/content, please keep it coming!
Love this format more of these. Please.
this was an amazing show! one of my favorites since the reformatting! i loved the banter and the different views. i would also love to see that show if they were to start again! Multifamily "fires me up" as brandon turner would say so listening to this was amazing!
Awesome, knowledge is great they provide, thank you all!
David, loved this episode. Looking forward to you putting these 2 together again on a podcast about what they would do if they were starting over.
Amazing video. This content is the most helpful. Please keep them coming.
Very informative. Enjoyed the different viewpoints
Great show today, you're guest's were also very informative and knowledgeable. Please make a video about how to get started and bring back the same guest's.
Love the past question and answer podcast show, look forward to more of those
That part. Giving up this 4% mortgage. 😂😂.
Please continue informing us about multi family investing. Everything is helpful for our business investment decisions.
Definitely need to hear and would appreciate the insight provided from these top players starting from scratch most importantly in todays current market!
Keep up the great work David and BP team!!
Enjoyed this alot. So helpful, please do the next one.
do the multifamily bootcamp works for international investors?, particularly Chile, anyone know?
This was amazing. I’d love more episodes like this on multi family. Thank you!
Great conversation. Have them back!
I learned so much, as a young investor that does not have a Financial savvy background you guys make all the terminology realistic and understandable.
Fantastic pod cast
Looking forward to more content on multi family.
this was an amazing conversation to eavesdrop on, would like more of this!
Awesome material and conversation!
Yea you definitely need a pt. 2, so much great information to hone in on as you underwrite these deals
Very educational. I’d love to see more of multi family apartment deals videos.
I love these kinds of shows! I would love to see them continue
This was super valuable! Thank you
I'm a new subscriber and I loved this video! I am new to investing and am considering getting into the multi-family market, but I know I have a lot of learning ahead. I'm eagerly looking forward to the next video with these guests!
Keep these coming! More please.
This was an awesome!!! Definitely want to hear from these guys again!
Good content. Enjoyed this episode a lot!
Incredible video. More of this, David!
Wonderful show … the amount of education is priceless
Thank you for this one, keep them coming. Great information and advice for Multifamily investors like myself. Always a great time to buy good deals.
Burger King It’s not paying 18 in hour in my area Also Amazon is not paying 25 an hour
Fantastic information!!!!!!!!!!! Keep it coming!
No bank is going to let you assume a loan, as those loans are killing them at those lower rates. Those banks will call those loans due as soon as they see a change in ownership on the title.
Can banks just call loans due whenever they want to?
@@violetsinclairerealtor only if you break one of the contractual agreements. One of them, title changes, even in the form of a quick claim deed.
Yes please have them back. I would love to hear what they would from beginning