Episode #216: Multifamily Market Update with J Scott
11/22/24 • 22 min
What’s the current state of the multifamily real estate market, and how can investors navigate today’s economic challenges? In this episode, we welcome J Scott, a partner at Bar Down Investments and an acclaimed real estate investor. He’s also the author of five books published by BiggerPockets and co-host of the very popular Drunk Real Estate Podcast. In our conversation, J delves into the impact of the recent interest rate cuts on mortgage and cap rates, explains trends in housing supply and demand, and examines how inflation and economic shifts are influencing multifamily properties. He also shares advice on overcoming rising expenses, navigating distressed debt opportunities, and avoiding common mistakes as a real estate investor. Join us to gain insights on managing multifamily investments in a rapidly evolving market with J Scott. Tune in now!
Key Points From This Episode:
- The influence of recent rate cuts on mortgage rates and the multifamily market.
- Cap rates and why current conditions create a buyer’s market.
- Navigating market volatility and why buying during downturns is a good strategy.
- Key economic indicators that J tracks to uncover industry trends.
- How inflation has capped rent growth while increasing operating costs.
- Perspectives on the most common mistakes real estate investors make.
- J’s advice: invest for the long term and avoid selling assets prematurely.
Links Mentioned in Today’s Episode:
BiggerPockets Books by J Scott
Asset Management Mastery Facebook Group
What’s the current state of the multifamily real estate market, and how can investors navigate today’s economic challenges? In this episode, we welcome J Scott, a partner at Bar Down Investments and an acclaimed real estate investor. He’s also the author of five books published by BiggerPockets and co-host of the very popular Drunk Real Estate Podcast. In our conversation, J delves into the impact of the recent interest rate cuts on mortgage and cap rates, explains trends in housing supply and demand, and examines how inflation and economic shifts are influencing multifamily properties. He also shares advice on overcoming rising expenses, navigating distressed debt opportunities, and avoiding common mistakes as a real estate investor. Join us to gain insights on managing multifamily investments in a rapidly evolving market with J Scott. Tune in now!
Key Points From This Episode:
- The influence of recent rate cuts on mortgage rates and the multifamily market.
- Cap rates and why current conditions create a buyer’s market.
- Navigating market volatility and why buying during downturns is a good strategy.
- Key economic indicators that J tracks to uncover industry trends.
- How inflation has capped rent growth while increasing operating costs.
- Perspectives on the most common mistakes real estate investors make.
- J’s advice: invest for the long term and avoid selling assets prematurely.
Links Mentioned in Today’s Episode:
BiggerPockets Books by J Scott
Asset Management Mastery Facebook Group
Previous Episode
Episode #215: The 7 Levels of Wealth with Aaron West
Ever wonder what it truly takes to reach financial freedom? In this episode, Aaron West breaks down the mindset and steps behind his "7 Levels of Wealth" concept. Aaron is the owner of The West Experience Real Estate Group and has built a successful career in real estate, including fix-and-flips and wealth-building strategies. He is passionate about helping entrepreneurs achieve financial freedom and live fulfilling lives. In our conversation, Aaron delves into his journey from growing up in poverty to building a successful real estate portfolio and creating wealth. He discusses the common lessons learned from interviewing successful entrepreneurs and the importance of deciding to be wealthy, persevering through struggles, and the power of relationships. Aaron shares actionable advice on how entrepreneurs can transform failures into successes, stay focused on their niche, and leverage the concept of "stewardship" over their finances. Join us to discover the secret to living in abundance and learn why giving back is vital to building long-term wealth with Aaron West!
Key Points From This Episode:
- Aaron's background, his life growing up, and his journey into real estate.
- The 7 Levels of Wealth concept and how to build a foundation for future wealth.
- Why true wealth involves a holistic approach and is not just about financial success.
- Shifting from a mindset of instant gratification to long-term stewardship of money.
- Explore the importance of focusing on your niche and avoiding distractions.
- Steps for navigating the personal transformations needed for long-term success.
- Find out why fostering authentic relationships with people is vital for success.
- How living in abundance through helping others brings more wealth and fulfillment.
Links Mentioned in Today’s Episode:
The West Experience Real Estate Group
Asset Management Mastery Facebook Group
Next Episode
Episode #217: Multi-Family Marketing with BeSwifty CEO Jon Simpson
Jon Simpson is passionate about helping multi-family investors turn leads into leases. Founder of Criterion.B and BeSwifty, Jon is a multifamily marketing expert with over 20 years of experience in digital solutions and AI-driven property marketing and he joins us in conversation to share key insights from his extensive experience. He has worked with top brands like AG Spanos Corporation and RPM helping property managers streamline processes and convert leads into leases. Tuning in, you’ll hear how Jon approaches website builds for clients, property photography, and marketing spend. He shares his thoughts on having a digital presence you can control, why ILS is a great place to prioritize this, and why, although it is the most expensive place to advertise, he recommends Google above all other options. Finally, we discuss the importance of getting the most out of AI to optimize marketing efforts and what you can really do with the data that it provides. Thanks for tuning in.
Key Points From This Episode:
- Introducing Jon Simpson and his journey to multi-family.
- His client onboarding process and where he begins to work with them.
- How he approaches building a website when a client has an existing site.
- Understanding photography rights and partnering with the appropriate companies.
- Using Google Business and Google Ads to maximize marketing efforts and drive visits to the site.
- How much you should actually be spending on marketing.
- Why you need to have some presence on ILS.
- Understanding why Google is the best place to spend your money even though it is expensive.
- How Jon leverages the power of AI to optimize his marketing efforts.
- Why he is a big believer in geofencing for apartments.
- Understanding the lead time of your marketing efforts.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
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