{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 222: Underwriting Multifamily Deals in the Current Market","description":"Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, our host Shawn DiMartile interviews Rob Beardsley, co-founder of Lone Star Capital, about the current state of the multifamily industry and how to underwrite deals in today's market. Rob shares insights on the changing landscape of rent increases, the impact of the supply pipeline on rent growth, and the importance of being strategic with capital expenditures. He also discusses the shift in cap rates and the opportunities for investing in higher-quality assets. Rob emphasizes the importance of overcoming imposter syndrome and offers advice on networking and building valuable relationships in the industry. Here's what you can expect from this episode: Rent increases can no longer be taken for granted in today's market, and a more selective and careful approach is needed when underwriting business plans The supply pipeline in the multifamily space is robust, which will keep a lid on rent growth in the near term. However, there will be solid rent growth on the back end once the supply glut is resolved Underwriting cap rate compression is possible in today's market, despite the general rule of expanding exit cap rates Class C assets pose higher risks in a recession than Class A assets, as Class C tenants are more income insecure and have less savings Overcoming imposter syndrome and being authentic in networking can lead to valuable connections and opportunities in the industry How to connect with Rob: Website: www.lscre.com Learn more about Mike and Shawn! Shawn: www.investorshawn.com Mike: www.investormike.com       ","author_name":"The Real Estate Takeoff","author_url":"https:\/\/therealestatetakeoff.com\/","html":"