614: Multifamily Prices Are Still Too High

Even though prices on multifamily properties have come down 20%-30%, most of these still don’t make sense because higher interest rates and increased expenses have more than offset the price decreases. As a result, transaction volume for quality properties in great markets is still low. Brooks Mosier, Principal and co-founder of United Point Capital, is one of the largest buyers of single-family homes in Kansas City and has leveraged these profits into the acquisition of multifamily properties for his own portfolio. Brooks has syndicated his larger deals that require more equity.