253: Prices Are Coming Down In The Millions

As interest rates have risen, prices have come down, sometimes significantly. Although sellers were initially reluctant to lower prices, they’re getting more realistic over time and concessions in the millions \ are being made on larger projects. Ryan Webster, Managing Partner of Equity Yield group, a multifamily operator with properties concentrated in the Florida Gold Coast, has been patiently making offers at prices that make sense for an investment that sellers are now responding to. The Golf Coast is a strong market with growing population and employment growth with rents that are still rising. Ryan’s investments in these markets have done exceedingly well for his investors and he anticipates more great deals in the next couple years.