A lot of smart people believe we’re headed into a severe economic downturn, maybe as bad as 2008. In Multifamily Real Estate in particular, a lot of operators paid extraordinary amounts for properties in the last couple years with short-term bridge debt. With interest rates and expenses skyrocketing and tenants potentially unable to pay the increased forecasted rents, operators may not be able to secure long-term financing.
Rod Khleif, who has the # 1 Real Estate podcast on Itunes – The Lifetime Cashflow through Real Estate podcast, plus teacher to thousands, predicts we may be in for very choppy waters. As a result, operators may have amazing opportunities to acquire in the months to come.
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