Episodes
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The Incas may have been the greatest real estate developers to have ever lived… This realization struck me as I walked through the gates of Machu Picchu after a 4-trek through the Andes Mountains. It’s easy to think of the technological sophistication of pre-modern societies as primitive, but this couldn’t be further from the truth in the case of the Incas. Machu Picchu is a city built on the top of mountain 8,000 feet above sea level, built out of massive boulders that modern people would still struggle to move today, which are fit smoothly together at right angles like Legos. Their feats of strength and artistry are utterly remarkable but what is truly striking is that fact that the city remains there, unmoved, after 800 years! The root cause behind the durability of Machu Picchu flows from the central focus of Incan culture, their reverence and respect of Pachamama, or Mother Nature. Although their technology allowed them great powers, they didn’t try to usurp or conquer Mother Nature with their creations. Rather they always found ways to partner with Mother Nature using gravity and natural formations to create even better structures than they could have on their own. As we grow into a leader in the industry, I encourage us to always remember to look through the Inca’s lens as we evaluate opportunities to see where we can collaborate with nature, whether that means building stronger structures in better locations, implementing green spaces, or considering ecological impacts. Spending most of our lives in cities and towns, it’s easy to forget how beautiful the world truly is, but also, how powerful the forces of nature can be. The Incas were successful because they respected both the majesty and power of Mother Nature, and if we approach the world with this same respect, our lives and our world will forever be beautiful. Keep Making Milestones, Ben Malech Support the show on Patreon: patreon.com/Realestatemilestones Subscribe to my Mailing List!!!! Click Here To learn more about Ben, connect with him through: Ben’s Website: https://benmalech.com/ Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/ Ben’s email: [email protected]
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I’m always impressed when individuals clearly know why they do what they do every day…No matter what you do, it’s not always smooth sailing, but when you are motivated by something you care about, it’s always easier to persevere. Today’s guest, Whitney Sewell, CEO of Life Bridge Capital, manages ~$400MM of real estate and knows why he works hard every day. Whitney gives half of his personal real estate profits to his philanthropic foundation, Omnah Foundation, which provides financial support to families who are hoping to adopt orphans. Through his own personal experience, he realized how expensive adoption is and that many families who are eager to adopt are prevented due to financial constraints. However, knowing how beautiful adoption can be, he wanted to utilize his real estate business to help families that can’t do it alone. To hear Whitney’s story and learn about how he grew one of the most popular daily real estate podcasts in the business, I encourage you to tune in to today’s episode!Keep Making Milestones, Ben MalechSupport the show on Patreon:patreon.com/RealestatemilestonesSubscribe to my Mailing List!!!! Click HereIf you want to learn more about Whitney, you can find him at:https://lifebridgecapital.com/personnel/whitney-sewell/https://www.linkedin.com/in/whitney-sewell/To learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected]
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Missing episodes?
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What does it mean to be a real estate developer?We all know them as the guys and gals who build buildings, but they definitely aren't laying bricks and operating cranes in their hard hats and suits…Furthermore, development companies tend to run with lean teams of a dozen or so professionals and often fewer, so even if they were the people laying bricks, every project would take an eternity!Andrew Esposito is a real estate developer in New York City, and he describes the role of a developer as “herding cats…”This is because the developer in a real estate deal is the central conductor that coordinates and oversees all the moving parts and stakeholders involved in a project.A developer is a bit like a film director, orchestrating a large, diverse cast of professionals, all with their specific roles and responsibilities. They work with architects, engineers, builders, contractors, local authorities, investors, lawyers, marketing and sales teams, and often, the local community. Their goal? To ensure the project comes together on time, within budget, and to the satisfaction of all involved.Andrew’s job isn't just to make sure all these pieces fit together. He needs to ensure they do so in a way that results in a profitable, sustainable, and aesthetically pleasing development. It's about striking a balance between creativity and practicality, risk and reward, ambition and feasibility.So while real estate developers may not be laying bricks, they're certainly building - building ideas, building teams, building plans, and ultimately, building the structures that shape our cities and towns. It's a monumental task, akin to herding cats, but when done right, we get the beautiful spaces in which we live, work, and play every day.Keep Making Milestones, Ben MalechSupport the show on Patreon:patreon.com/RealestatemilestonesSubscribe to my Mailing List!!!! Click HereIf you want to learn more about Andrew, you can find him at:https://www.linkedin.com/in/andrew-esposito-95a1349a/To learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected] Mentioned:
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Wouldn’t it be amazing if the government paid you to contribute to society?Well, it turns out they do…Tom Wheelwright is an expert tax advisor for high-net-worth individuals and investors, including Robert Kiyosaki, and has written multiple books on the topic, such as the incredibly popular Rich Dad Advisor book, Tax-Free Wealth. In his most recent book, Win-Win Wealth Strategy, he explains that the government uses powerful tax credits and incentives to incentive citizens to invest their money into things that help society and the government would be incapable of accomplishing on their own. He breaks it down into 7 categories of things the government pays you to do:Activities that create jobsCreating new technologyCreating energyGrowing foodInvesting in renewablesGetting insuranceAnd, saving for retirementIf you want to learn more about how to utilize these strategies, I definitely recommend tuning into today’s interview with Tom and checking out his fantastic books!Keep Making Milestones, Ben MalechSupport the show on Patreon: patreon.com/RealestatemilestonesSubscribe to my Mailing List!!!! Click HereIf you want to learn more about Tom, you can find him at:https://tomwheelwright.com/To learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected]
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Jake Clopton is a serial entrepreneur, author, and economist. With a focus in real estate and finance, he is actively involved in various aspect of commercial lending, insurance products, property ownership & management, and is a regular contributor to both print and broadcast media.Current ownership and companies include;
Clopton Capital – Jake Founded Clopton Capital in 2009 as a way for property owners and operators to efficiently access both debt and JV equity for commercial properties deals. The company focuses on the small to middle market space and all asset classes. Since its inception, Jake and Clopton Capital have arranged Billions of dollars in financing for borrowers across the country.
Clopton Insurance Services – A national insurance agency that focuses solely on commercial property and business insurance.
Multiple apartment communities – Jake is the owner and operator of several apartment communities serving residents across the Chicagoland area.
He knows all about how to find debt and equity in today's market, so definitely check out this episode!
Keep Making Milestones,
Ben Malech
Support the show on Patreon:
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If you want to learn more about Jake, you can find him at:
https://cloptoncapital.com/about-us/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/
Ben’s email: [email protected]
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In real estate, you make your money when you buy. However, it’s obviously easier said than done…The goal of investors is to acquire properties at a discount to their actual or potential value and hold them until they can sell them for more or add value to the properties to force appreciation. However, theoretically, this shouldn’t be possible. For example, look at the stock market. There is this idea called the efficient market hypothesis, which says that a stock’s price reflects all known information about the underlying company, and therefore, the stock price reflects the true value of the company, and a discount would be impossible. However, what’s a real estate asset’s price? Whether you believe the efficient market hypothesis or not, real estate is nowhere near as liquid as a stock and doesn’t have a price that gets adjusted every second of the business day. Therefore, it is up to the buyer and the seller to determine on their own what the value of a property is based on what they believe about any given asset and the trajectory of the market it falls in. Mark Updegraff applies this principle when searching for real estate investments by identifying properties in near geographies that he believes are slated for growth but have yet to be realized by other investors. By becoming an expert in his favorite markets, Mark creates an advantage because he builds up an understanding of property values in a market that others do not have. If you want to hear more about his strategies, tune in to today’s episode!Keep Making Milestones, Ben MalechSupport the show on Patreon:patreon.com/RealestatemilestonesSubscribe to my Mailing List!!!! Click HereIf you want to learn more about Mark, you can find him at:https://updegraff.info/about/To learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected]
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Subscribe to my Mailing List!!!! Click HereIf you want to learn more about Stuart, you can find him at:[email protected](480) 443-4500www.ContactStuart.comTo learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected] Mentioned:Illusions: The Adventures of a Reluctant Messiah - Richard Bach
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I’m sure we’re all thinking the same thing right now: Taxes suck…However, most of us have accepted them as one of two inevitables.Not real estate investors…Most of us have heard something about how real estate investing helps with taxes, but how does it work?The underlying idea behind many of the real estate tax-savings strategies is:The Depreciation Tax Shield. Depreciation is the idea that assets deteriorate over time due to usage, obsolescence, weather, etc. The IRS allows you to estimate the value that is lost to depreciation each year and deduct it from your taxable income.However, unlike utilities, labor, and electricity, the depreciation expense doesn’t require an outflow of cash. It’s just an expense on paper, which means you get the pocket of the cash that you save on your tax bill each year!This is an overly simplified explanation of depreciation, but I go into more detail on the topic and many more tax savings strategies, like the 1031 exchange, cost segregation, and real estate professional status, in this week's episode!I recommend checking it out if you don’t want next April to be much more of a happy time! Keep Making Milestones,Ben MalechAlso, Shout out to Yonah Weiss for the awesome conversation on Cost Segregation in Episode 21 of Real Estate Milestones! Support the show on Patreon:patreon.com/RealestatemilestonesSubscribe to my Mailing List!!!! https://benmalech.us14.list-manage.com/subscribe?u=350ca1e8dcceca79189398d18&id=6b0fe0bccaTo learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected]
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To rise to the top, you need to have a competitive advantage…This doesn’t mean just being really good at something; it means having the capacity to do something that nobody else in your market is capable of.If you want to see what I mean, take a look at Rise48. In the last 4 years, CEO Zach Hapstonstall and his team have acquired over $1.8 Billion of real estate in their hometown of Pheonix and recently expanded to Dallas. They have grown at such a fast pace because they vertically integrated the company in such a way that allows them to close deals and complete renovations faster than any of their competitors while creating a higher degree of certainty in their budgets and execution. By bringing construction and property management in-house and building exclusive relationships with suppliers, they’ve been able to insulate themselves from price volatility and supply chain issues in construction and constantly execute their business plans on time. Every month over schedule and dollar over budget hurts investors, but having high control over your business processes will allow you to be the faster player in the game. I encourage anyone interested to tune in to today’s episode to hear how Zach has grown Rise48 to the biggest acquirer of multifamily in Phoenix!Keep Making Milestones,Ben MalechSubscribe to my Mailing List!!!! Click HereIf you want to learn more about Zach, you can find him at:https://rise48equity.com/https://www.linkedin.com/in/zach-haptonstall/To learn more about Ben, connect with him through:Ben’s Website: https://benmalech.com/Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/Ben’s email: [email protected] Mentioned:The Daily Laws - Robert Greene
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Speed, ease, and certainty have a monetary value in transactions…
For example, look at a car dealership.
People know they are not getting top dollar when they sell their car to a dealership, but they are willing to do so because it’s way more convenient than taking the time to search for a buyer online who you might back out at the last minute.
This is the principle that drives the business of today’s guest.Pete Reese is the President of Reelvest Properties, and he’s in the business of land flipping.
Pete buys land from people who want to quickly sell their land in an all-cash transaction, and then he lists the property on the market until another buyer is willing to pay the full market price.
It’s amazing how many different avenues there are for real estate investors to create a business in this industry, so feel free to check out today’s episodes if you want to learn about another one!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Pete, you can find him at:
https://turningprofit.com/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/
Ben’s email: [email protected]
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Some people leave their money in banks because they think investing is too risky…
Of course, all investments come with risk… but investing is about generating a return that is favorable relative to the risk you are taking on.
While you can earn some interest on your deposits, the banks earn much more interest by investing the money you deposited while you still take on the risk of their investment.
Banks can offer you the advantage of liquidity, but if you know you don’t need to withdraw your money for a certain amount of time, you should look for a safe way to grow your money that more than compensates you for the risk you might bear.
Real estate is the choice of a large number of wealthy individuals because investment properties generate a stable flow of income, hedge the effects of inflation, and give you the certainty that your investment won’t vanish into thin air!
However, many people assume real estate investing is not available to them because they do not have the time or expertise to find and manage deals, which is why I’m excited to have had an opportunity to interview, CEO of Praxis Capital, Brian Burke!
Brian is the author of “The Hands-off Investor” which is the preeminent guide for passive investing in private real estate deals in which he gives you all the tools you need to find and evaluate reliable real estate investment managers who will invest on your behalf.
I highly recommend checking out Brian’s book and listening to today’s episode if you want safe ways to protect and grow your wealth without sacrificing your time or peace of mind!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Brian, you can find him at:
Book: www.BiggerPockets.com/SyndicationBook
www.PraxCap.com
www.linkedin.com/in/praxiscapital
https://www.facebook.com/praxcap/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/
Ben’s email: [email protected]
Resources Mentioned:
Rich Dad, Poor Dad - Robert Kyosaki
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It’s only been 2 months, but 2023 has been a tumultuous year for real estate…
But when things change, those who adapt quickly will win.
In today’s episode, I welcome my friend Jeffrey Donis onto the show for the second time to discuss the lessons he’s learned from acquiring 150+ units last year and how he and his partners are pivoting their strategy in 2023.
Currently, transaction volume is very low because it's hard for buyers to find deals that pencil out. This has put a lot of them on the sidelines.
However, Jeffrey’s philosophy is never to stop looking for deals because if he finds one now, he’ll have less competition and buy at a better price. Furthermore, he’s adjusted his strategy to ensure he targets deals with a size and location that suits his competitive advantage.
I encourage anyone who’s interested to tune in to hear Jeffrey and me discuss how the current interest rates and market changes affect real estate metrics and investor behavior!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Jeffrey, you can find him at:
https://www.donisinvestmentgroup.com/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/
Ben’s email: [email protected]
Resources Mentioned:
Shoe Dog - Phil Knight
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Today’s guest owns 5 companies…
It’s definitely a lot of work, but I’m impressed that he’s even able to do it.
In today’s episode, Bill Allen tells his story of doing his first fix and flip as an active-duty Navy pilot to doing hundreds per year while also investing, lending, farming, and teaching others how to do it all.
However, he didn’t start all of these companies at the same time…
For Bill, it all comes down to having the right people and processes.
Once he is able to get a business off the ground, he hires a COO to run the day-to-day while he shifts the majority of his focus to his new venture.
However, the key to Bill’s success is that, from the beginning, he wasn’t afraid to follow his passion, even when it was difficult.
His advice to me is to get super clear with my goals, and I’ll be able to accomplish more than I can imagine…
Tune in to today’s episode to hear Bill’s story and learn from his many lessons along the way!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Bill, you can find him at:
https://www.youtube.com/@BillAllenREI
https://www.youtube.com/@7FigureFlipping
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/
Ben’s email: [email protected]
Resources Mentioned:
Extreme Ownership - Jocko Willink and Leif Babin
Expert Secrets - Russell Brunson
The E-Myth Revisited - Michael E. Gerber
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Once you decide to invest in real estate, the natural next question is, “Where?”
Most people agree that location is the most important component of a property, but picking a location is by no means easy…
However, I’d like to shout out to Neal Bawa for building an impressive large data model that accurately predicts which U.S. cities are the best to invest in and has been kind enough to share his findings with us!
He has identified the 5 metrics that are most directly correlated with the returns on investment of real estate deals in any given city, which are as follows:
Population Growth
Income Growth
Avg. Home/Condo Value Growth
Crime Reduction
Job Growth
In today's episode, I go into detail on each of the 5 metrics and let you know where to find all of the data!
Keep Making Milestones,
Ben Malech
P.S. I encourage anyone who’s interested in learning more to check out Neal’s Location Magic Workshop for free at MultifamilyU!
Resources Mentioned:
https://multifamilyu.com/courses/location-magic-ecourse
https://www.city-data.com/
https://www.deptofnumbers.com/
https://grocapitus.com/neal-bawa/
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To learn more about Ben, connect with him through:
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Ben’s email: [email protected]
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Can you Guess the City?
It's the 5th fast-growing population of big cities in the U.S. over the last 5 years,
2nd Highest Income Growth over the last year,
and was named ULI’s best place to invest in real estate in 2023…
If you guessed Nashville, TN, you’re right!
As a young person who wants to invest in real estate, it’s important to consider not only what a city looks like now but what are its future growth prospects.
Nashville has an incredible growth story.
If you take into account all of the real developments that are currently proposed and in progress, the entire skyline of the city will look completely different in 5 years.
Today, I’ve invited Tyler Cauble on the show to discuss how Nashville has grown since he began developing real estate at the age of 21 and what the future of the city will look like!
As someone who plans to be in the industry for a long time, it's always a pleasure to get an inside perspective from market experts, and Tyler is certainly an expert on Nashville, so tune in to hear about his exciting journey and how he’s contributing to the city’s growth!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Tyler, you can find him at:
Instagram:
Tyler’s YouTube Channel: https://www.youtube.com/c/TylerCauble?app=desktop
HomePage: https://www.tylercauble.com/
LinkedIn: https://www.linkedin.com/in/tylercauble/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/h
Ben’s email: [email protected]
Resources Mentioned:
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I want to tell you about one of the things I love about real estate…
In the real estate market, Win/Win Scenarios are common…
Most people consider the Stock market to be a Zero-Sum Game because, for every winner, there is a loser.
If a stock goes up in value, the buyer wins, and the seller loses, and vice versa.
However, in real estate, a seller can sell a property for a fair market value, and the buyer can force appreciation by making improvements to the property or operations.
This could be a Win/Win because the seller can realize the increase in value that occurred over their hold period, and the buyer can make improvements the increase the value of their asset!
Although the seller knows that their property could be worth more if they add value to it, they might not be interested, willing, or able to spend the time and money.
Also, the tenants of the building win becasue they get to enjoy the improvements!
If you are interested, here’s a short video where I break down this concept in more detail!
Keep Making Milestones,
Ben Malech
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To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/h
Ben’s email: [email protected]
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In ECON 101, we learn if Demand stays constant and Supply decreases, then Price goes up. During COVID, Supply was constricted, hence all the Price Inflation.
Now, Supply is back online, and we had deflation of -0.1% in December, so does that mean The Fed will change its policy soon?
Of course, that’s a complicated question…
Fortunately, renowned economist, Dr. Peter Linneman, is willing to help us sort this out!
Dr. Linneman is a Principal of Linneman Associates, real estate investor, strategic consultant, and Emeritus Professor at the Wharton School of Business, and on today’s episode, we discuss inflation, interest rates, and everything else affecting the economy and investments!
The Fed seems to want to continue restricting Demand through increased unemployment by increasing interest rates.
However, given the relative strength of the consumer in the current economy and the current undersupply of labor, Dr. Linneman hopes The Fed will not continue to raise rates for very much longer, because, with inflation already beginning to come down, holding interest rates high for too long will likely end up doing more harm than good.
Additionally, last year the population grew by 4.7M, but only 1.2M jobs were created, so it seems counterintuitive to pursue policies that discourage new job formation given that results in wasted human capital.
On the flip side, some argue that the threat posed by the possibility that the slowdown in inflation is temporary means that The Fed should maintain its policy. In other words, the threat of undercorrecting is great than the threat of overcorrecting.
What do you all think?
Keep Making Milestones,
Ben Malech
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If you want to learn more about Dr. Linneman, you can find him at:
https://www.linnemanassociates.com/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/h
Ben’s email: [email protected]
Resources Mentioned:
The Great Age Reboot: Cracking the Longevity Code for a Younger Tomorrow - Michael Roizen, Dr. Peter Linneman
Milton Friedman - https://en.wikipedia.org/wiki/Milton_Friedman
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Insurance is weird…
You’re only happy that you have to pay for it when something really bad happens.
However, the increasing impact that climate change has on the availability and price of insurance is something that I don’t hear enough real estate investors talk about…
Places like Florida and New Orleans, which have a history of hurricanes, have already begun to feel the changes in how the insurance industry perceives climate risk, but the coasts aren’t the only places that will be affected.
Polar vortexes have hit as low as Northern Texas, and we’re seeing tornadoes in places that haven’t seen one in any of our lifetimes, and if investors aren’t careful, these risks might cause a big hit to your bottom line.
Luckily, we have provident investors like B.L. Sheldon to educate us about how to prepare our real estate portfolios for the effects of climate change.
B.L. Sheldon is the Author of Fearless: Real Estate Investing in the Era of Climate Change, and in this episode, she uncovers the blindspots that all real estate owners need to consider.
No matter one’s political, religious, or personal views, there is a preponderance of evidence that climate risk poses a threat to real estate everywhere, so tune in to get ahead of the game!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Brooke, you can find him at:
https://realestatetrendshark.com/about-bl-sheldon/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/h
Ben’s email: [email protected]
Resources Mentioned:
East of Eden - John Steinbeck
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Today’s guest is none other than “The Mad Scientist of Multifamily,” and after building up a $1B+ real estate portfolio, he has an unconventional piece of advice:
Don’t Trust Your Gut…
With a background as a Silicon Valley technologist, Neal Bawa entered the world of real estate committed to using data science to drive his investment decisions.
After many years of collecting data and crafting data models, Neal has isolated the few metrics that have an outsized ability to predict which real estate markets will generate the greatest returns…
Neal is a successful PropTech & Real Estate investors and the Founder of Grocapitus & MultifamilyU, and while his investors trust him with over a billion dollars in assets, he trusts cutting edge data methodologies to ensure his investments are successful!
In today’s episode, Neal sheds light on the 5 most important metrics to consider when choosing a real estate market and explains why his models are predicting a shallow recession in 2023.
Neal is an incredible investor and communicator who shares incredibly powerful insights, so I encourage you to tune in!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Neal, you can find him at:
Grocapitus: https://grocapitus.com/neal-bawa/
MultifamilyU: https://multifamilyu.com/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/h
Ben’s email: [email protected]
Resources Mentioned:
The Miricle Morning - Hal Elrod
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Over the last 40 years, interest rates have trended down and to the right, with only a handful of periods in which The Fed raised rates.
Clearly, we are now in one of these periods, which begs the question: “How long will The Fed keep rates high?”
This is a particularly poignant question given the popularity of short-term floating-rate loans for value-add projects over the last few years.
Many of these borrowers expected to refinance these loans into fixed-rate longer-term products at their loan’s maturity, but most of them did not expect rates to rise as fast as they have over the last 6 months, which puts a lot of pressure on their deal.
If their property cannot service these higher interest payments, they may be forced to sell if they cannot find the money they need to bring to a lender to refinance at a lower loan-to-value.
In today’s episode, Founder of Raises.com, Natu Myers, and I discuss how long The Fed may continue it’s policy, what challenges this may cause to the economy, and what opportunities may arise as a result.
Obviously, nobody has a crystal ball, but we might not need one to speculate about how the next few years will play out, so tune into this fun conversation about the future of the industry!
Keep Making Milestones,
Ben Malech
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If you want to learn more about Natu, you can find him at:
https://www.linkedin.com/in/natumyers/
https://raises.com/
To learn more about Ben, connect with him through:
Ben’s Website: https://benmalech.com/
Ben’s LinkedIn: https://www.linkedin.com/in/benjamin-malech/h
Ben’s email: [email protected]
Resources Mentioned:
Thinking in Bets - Annie Duke
Principles - Ray Dalio
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