syndications

A commercial real estate crash is looking more and more likely in 2023. Rising interest rates, compressed cap rates, and new inventory about to hit the market is making commercial real estate, and multifamily more specifically, look as unattractive as ever to a real estate investor. But with so much money still thrown at multifamily investments, are everyday investors going to get caught up in all the hysteria? Or is this merely an overhyped crash that won’t come to fruition for years to come? Scott Trench, CEO of BiggerPockets and host of the BiggerPockets Money Podcast, has had suspicions about the multifamily space since mortgage rates began to spike. Now, he’s on the show to explain why a crash could happen, who it will affect, and what investors can do to prepare themselves. This is NOT a time to take on the high-stakes deals that were so prominent in 2020 and 2021. Scott gives his recommendations on what both passive and active investors can do to keep their wealth if and when a crash finally hits. But that’s not all! We wouldn’t be talking about multifamily without Andrew Cushman and Matt Faircloth, two large multifamily investors who have decades of experience in the space. Andrew and Matt take questions from two BiggerPockets mentees, Philip and Danny, a couple of California-based investors trying to scale their multifamily portfolios. If you want to get into multifamily the right way or dodge a lousy deal, stick around! In This Episode We Cover: The commercial real estate crash and bad news for high-interest rate investors Cap rate compression, rent stagnation, and red flags for the multifamily market  Recommendations for both active and passive multifamily investors How to vet a real estate syndication deal when raising private capital Scaling from small to large multifamily and why the jump is easier than you think Cash flow vs. appreciation and which is a better bet if valuations start to tank Balloon payments, adjustable-rate mortgages, and risky financing options putting new investors in a tough spot 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 David's BiggerPockets Profile David's Instagram David’s YouTube Channel Understanding Rental Property Depreciation—A Real Estate Investor’s Guide House Hacking 101—What It Is and How to Get Started Your Debt-to-Income Ratio Can Make or Break Your Investing Career On The Market Podcast 65 with Ben Miller On The Market Podcast 71 with Brian Burke BiggerPockets Real Estate Podcast 708 BiggerPockets Real Estate Podcast 719 Book Mentioned in the Show The Hands-Off Investor by Brian Burke Connect with Andrew, Matt, Dave, and Scott: Andrew's BiggerPockets Profile Dave's BiggerPockets Profile Matt's BiggerPockets Profile Scott's BiggerPockets Profile Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-721 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

Would your life be positively impacted by owning over 400 rental units? What if you could get there in under four years? On today’s show, we interview BiggerPockets contributor Sterling White, who has managed to do just that! Sterling shares how he started his entrepreneurial journey selling Pokemon cards and eventually worked his way up to owning over 150 single family properties (and several multifamilies as well). He also shares how he finds 90-100% of his properties OFF MARKET using a five-step system for finding and closing on them (so simple anyone can do it), as well as the script he uses when speaking directly to sellers. You don’t want to miss his powerful secret for building rapport with potential leads (by sending a specific puzzle to them in the mail) and how he raises money to close on these properties. If you want to scale your business and want the blueprint for how to do it, don’t miss this powerful episode! In This Episode We Cover: How Sterling got into real estate, working for free just to learn Negotiating equity: What is it? Why you possibly shouldn’t go the wholesaling route The benefit of focusing on your strengths How to work with your family and friends and branching out from there How he finds deals—cold call mixed with direct mail Why he sends Rubik’s cubes to prospects Tips for creating a network of investors by building a funnel What his team looks like And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Calculators BiggerPockets Events Mentor Better Business Bureau BiggerPockets Blog BiggerPockets Facebook Profile BiggerPockets Podcast 061: How to Succeed in Multifamily Investing – A Unique Conversation with Josh, Brandon, and Ben BiggerPockets Podcast 170: The Journey From Flipping Houses to Owning 1,470 Units with Andrew Cushman BiggerPockets Youtube Channel Upwork Fiverr ListSource Brandon’s Instagram David’s Instagram Books Mentioned in this Show 90 Days of Intention by Brandon Turner (Journal) Jab, Jab, Jab, Right Hook by Gary Vaynerchuk Multi-Family Millions by David Lindahl Lead the Field by Earl Nightingale Fire Round Questions Should you invest in a passive deal first or jump straight in to being a deal sponsor? What do you believe are the pros/cons or benefits/risks of investing in multifamily and residential rental properties? Can you wholesale multifamily properties? What expenses I should consider when analyzing an apartment complex? Does anyone have any creative ways to target owners of apartment complexes to try and complete a deal? Tweetable Topics: “You just have to train yourself to get past objections.” (Tweet This!) “Share your story to other people who are where you were.” (Tweet This!) “If you can’t negotiate the price, negotiate the terms.” (Tweet This!) “Everything is selling. Even when you’re buying, you still have to sell.” (Tweet This!) “We all have a short amount of time on this planet, so might as well go after your dreams and goals ultimately.” (Tweet This!) Connect with Sterling Sterling’s BiggerPockets Profile Sterling’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Dealing with tenants can be a pain… which is why on today’s show we’re going to go beyond tenants and look at some “no-tenant” methods of investing in real estate. Specifically, we’re going to talk with real estate investor Ankit Duggal about his journey from real estate agent to syndicator to house flipper to landlord and finally to tax lien investor. Ankit has a great story and offers hundreds of great pieces of advice on this show perfect for both the new investor or someone looking to add some new skills to their investor tool belt! In This Show, We Cover: Getting started at a young age Transitioning from Agent to Investor How Ankit financed his early investments using other people’s money Your three circles of influence for raising money The three team members you need before syndicating Investing with close family members What is a tax lien and how (and why) to buy one. Earning 18% on your money through Tax Liens Why tax liens have almost no risk How to do your due diligence on a tax lien And lots more! Books Mentioned in this Show The Real Estate Game: The Intelligent Guide To Decisionmaking And Investment by William J. Poorvu Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow Links from the Show: Buildium Brandon’s 7 Year Plan BP Podcast 007: Making Appraisals Work For You with Ryan Lundquist Tweetable Topics I’m not “money-driven” – I’m “lifestyle-driven.” (Click to Tweet!) Educated yourself as an investor. That’s the first step in any investment. (Click to Tweet!) I don’t believe in ‘get rich quick.’ You gotta put in the time and effort. (Click to Tweet!) Connect with Ankit Ankit’s BiggerPockets Profile Ankit’s BiggerPockets’ Blog Posts Ankit’s Website Learn more about your ad choices. Visit megaphone.fm/adchoices