238: Value Add Projects Are Getting Much Harder To Find

In the last five years, value add multifamily deals have abounded where you can buy a building at under significantly market rent, put $5,000- $10,000/unit into rehab, and sell within 12-24 months at a huge profit. As more and newer competition has entered the market, and as prices dramatically increased, these opportunities have become much harder to find. In addition, renters in these properties are particularly burdened by inflation and other economic factors. Will Matheson, Co-founder with his twin brother of Matheson Capital, had incredible success repositioning class C and B properties over the last four years and is now transitioning into Class A buildings in the Southeast where the tenant base is far less rent burdened so the overall rent upside and ultimate investor returns has the potential to be considerable higher over time.