474: When It Comes To Timing The Market, Things Never Look As Amazing As They Do In Hindsight

It’s hard to time the bottom of a market but real signs of distress are starting to appear in multifamily. Because of financing issues in addition to operational challenges, the market is starting to see forced sellers with lower prices. It’s once again becoming possible to acquire properties with positive leverage and potential upside over the next couple years as new inventory gets absorbed, occupancy increases, and rents rise. There are certain markets where job and population growth continue to serge and property values along with it. Dallas, for example, has 100,000 new residents still arriving per year, which will continue to put pressure on housing inventory. Daniel Farber, CEO of HLC Equity, has made significant investments in Dallas since 2012, and after an acquisition hiatus in 2021-2023, is starting to get back into the market.