564: Multifamily Buildings Are Liabilities, You’re Buying Future Cash Flows

A new apartment building is at its highest value upon completion of construction. Like a new car, it’s a depreciating asset. That’s why you need to invest with operators who have a lot of experience with all aspects of the business to make money.  Most syndicators are finance professionals, not operators.  Most of the appreciation of multifamily over the past couple decades has been the result of declining interest rates, which will most likely not be repeated in the near future. Isaac Bennett, Founder of You Are, has invested in multifamily both as a Limited Partner and Principal, and has learned the hard way the critical importance of working with top-notch operators. Isaac is a multifamily investor and also develops land and invests in other alternative investments.