May 23, 2022
We welcome back Ryan Webster and Warren Dresner to talk about their experience in the multifamily space and what they are working on. Ryan and Warren have transitioned fully into value add acquisitions, but they still do not do acquisitions full time. They discuss how the market cycle affects real estate and how to protect yourself when it does. They also discuss unemployment and how hitting the affordability ceiling means that landlords can't continue to increase rents unless nobody can afford to pay them.
[00:00 - 06:16] Opening Segment
[06:17 - 14:27] The Market Shifts
[14:28 - 26:10] Tips on Underwriting Deals
[26:11 - 33:29] Closing Segment
Quotes:
"I think it is just a matter of bouncing back. I mean, being happy that you get rejected and then just bouncing back and looking at another deal." - Ryan Webster
"You have to have a cap rate escalation and assume that although you're growing, that that's not going to count as much in the future as it does today." - Warren Dresner
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