479: It’s A Great Time To Buy Multifamily

Now may be the best time to buy multifamily in several years.  As long as you can buy properties far below replacement cost with stabilized cap rates less than the cost of financing, you will make a lot of money over time. As the cost to build and the cost of land continues to escalate, inflation will continue to push prices higher and higher. As the prices of homes continue to rise, more people will need to rent. Because of high interest rates over the last couple years, there’s been almost no new construction.  As a result, there will be a major supply/demand imbalance by 2026/27 and rents will rise. Daniel Kattan, one of the founders of PIA Residential in South Florida, is buying value-add apartments in secondary and tertiary markets in Florida and other growing Southeastern markets.