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What’s your outlook for Multifamily? In today’s episode, we talk to our panel and find out what they see for multifamily in 2023. What should you as an investor be aware of? The risks? To buy, hold, or sell? Tune in now to know about key insights on networking and finding deals.

Ken McElroy got his start during college, when he took a job managing an apartment complex. The turning point came when the property owner dropped by the office to pick up his check for the month. Ken decided that one day he would be on the other side of the desk, picking up his own check. Fueled by determination, Ken bought his first investment property. It was a small property that barely turned a profit, but it didn’t matter. Ken was hooked.

Since then, Ken has experienced great success in the real estate world – from investment analysis and property management to acquisitions and property development. Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate.

Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $1 billion-dollar portfolio as an ongoing experiment in efficiency and optimization.

Neal serves as CEO / Founder at Grocapitus, an iconic, data-driven commercial real estate investment company. 

Mark Kenney is Co-Founder of Think Multifamily and has invested in 1,300 units. He has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.

Think Multifamily acquires, owns and operates multifamily apartments in promising areas in order to provide otherwise unobtainable real estate investments with reduced risk to their clients. Think Multifamily also provides innovative technology to help revolutionize the way multifamily real estate investors and deal sponsors acquire and invest in opportunities.

02:42 - A high-level overview of what investors should be aware of

14:19 - Highest or lowest risk type of deals

22:04 - What's the lag effect?

30:30 - The bipolar market

35:44 - Buy more, hold what you have, or sell?

47:11 - Construction costs in the next 12 months

51:52 - Will rents continue to rise to catch up?

54:21 - Networking and finding distressed deals

58:20 - Outro

Connect with the Guests:

Ken McElroy

Website: https://kenmcelroy.com/

Linkedin: https://www.linkedin.com/showcase/kenmcelroy/

Instagram: https://www.instagram.com/kenmcelroyofficial/

Neal Bawa

Website: https://multifamilyu.com/

Linkedin: https://www.linkedin.com/in/neal-bawa/

Instagram: https://www.instagram.com/nealbawa/?hl=en

Mark Kenney

Website: https://thinkmultifamily.com/

Linkedin: https://www.linkedin.com/in/mark-kenney-a86858124/