1 rich Libsyn https://www.libsyn.com 90 600 In this episode, I talk about why most multifamily deals still do not work today even after prices have dropped from the peak market of 2021 and 2022. A lot of people hear that prices are down and assume everything suddenly became a good deal again. But debt is more expensive, insurance has exploded, taxes are rising, payroll and maintenance costs are up, and many sellers are still trying to sell based on unrealistic projections from years ago. I break down why I eliminate deals quickly, what I look for when underwriting, and why I would rather buy a conservative deal with fixed debt than gamble on appreciation or refinancing assumptions I cannot control. I also talk about: • Why floating debt crushed so many operators • Why occupancy and collections are becoming more difficult • How taxes and insurance can destroy a deal after closing • Why cash flow matters more than hype right now • The difference between underwriting for reality versus underwriting for hope • Why survival and durability matter more than flashy projections This episode is for anyone trying to understand what is really happening in today’s multifamily market and how experienced operators are adjusting their approach. If you want to learn how to properly analyze and underwrite multifamily deals, check out my Multifamily Machine cohort and free resources here: stan.store/buybuildings If you enjoyed the episode, share it with somebody who is trying to learn multifamily real estate the right way. #multifamily #realestateinvesting #apartmentinvesting #cashflow #underwriting #smallaxe #multifamilyinvesting Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires http://smallaxe.libsyn.com/website <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/41235400/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/201785990