{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 293. Why Multifamily Deals Don\u2019t Pencil Anymore (And Why That\u2019s a Huge Opportunity)","description":"Multifamily deals don\u2019t pencil the way they used to. If you\u2019ve been underwriting properties lately and wondering what changed, you\u2019re not alone. In this episode, Nico Salgado breaks down why multifamily deals that worked just a few years ago are falling apart today. Interest rates have jumped, lenders have tightened their standards, operating expenses have surged, and CapEx requirements are forcing investors to rethink their underwriting models. But this shift isn\u2019t necessarily bad news. In fact, it may be creating one of the best buying opportunities since the Great Financial Crisis. Nico explains how lenders are underwriting deals today, why leverage has dropped across the board, how rising expenses are impacting returns, and why serious operators are adjusting their assumptions instead of sitting on the sidelines. If you\u2019re actively analyzing deals or trying to understand where the multifamily market is headed, this episode will help you see what\u2019s really happening behind the numbers. Because deals may not pencil the way they used to\u2026 but disciplined investors know how to adapt. And those who understand the shift may be positioned to capitalize on the next cycle. Reading about deals doesn\u2019t make you an investor. Buying buildings does. ","author_name":"Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires","author_url":"http:\/\/smallaxe.libsyn.com\/website","html":"