In this conversation, Pedro De Leon asks Chihiro Kurokawa for the details from his journey in multifamily investments, discussing the reasons behind his choice of this asset class, his first experiences, and the current state of the market. He highlights the challenges faced in today's multifamily landscape, including rent growth and tenant demand, and offers predictions for the future of the market. Chihiro also emphasizes the importance of demographics in investment decisions and shares valuable lessons learned from his experiences in the field.

Takeaways

• Long-term demographics for multifamily are positive due to housing demand.
• Building more housing is essential to address affordability issues.
• Networking and mentorship are crucial for success in multifamily investing.
• The current market shows distress with declining rents and increased supply.
• Investors are experiencing reduced distributions and some have lost equity.
• Future predictions indicate more distress in the multifamily market ahead.
• Chihiro thinks cap rates will expand further before valuations improve.
• Opportunities exist in markets with strong demographic growth.
• Experience is invaluable and cannot be bought
• Choosing the right partners is critical in multifamily investments.

Chapters

03:10 Chihiro's Journey into Multifamily

06:03 Current Market Conditions and Challenges

08:58 Future Predictions for Multifamily Investments

11:45 Identifying Opportunities in Multifamily

14:47 Lessons Learned and Advice for New Investors

17:49 Conclusion and Upcoming Beyond Stocks Workshop in DFW

Keywords

multifamily investments, real estate, market trends, investment strategies, housing demand, economic factors, rental market, property management, investment opportunities, financial distress