5 • 831 Ratings
🗓️ 10 April 2023
⏱️ 8 minutes
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0:00.0 | long term and that's what multifamily is all about. |
0:02.3 | It's not a get rich quick scheme. |
0:05.1 | And if there's any get rich quick scheme out there, |
0:07.2 | you lose money just as quickly as you make it. Hello, Ray Jigan, Gino here, and today we're discussing the current challenges with apartment investing. |
0:39.0 | You've heard it a million times. |
0:40.4 | You have a salesperson. |
0:41.4 | They're saying you can pick two, okay? |
0:44.3 | This is not the happy meal here. |
0:47.0 | You can pick two. |
0:47.7 | You can get price, okay? |
0:50.0 | You can get quality, but you can't get the timing. |
0:53.0 | Or you can get the quality and the time, but not the price, blah, blah, blah. |
0:55.7 | You've heard it a million times. |
0:57.5 | Now, apartment investing, it really isn't much different. |
1:00.6 | It's just what we're talking about is different. |
1:02.9 | In apartment investing, there's price, there's debt, and then there's management. |
1:07.7 | So let's go back to 2022. |
1:09.3 | We're going back to last year. |
1:10.3 | You could only get one of the |
1:11.4 | three last year. You could get good debt. You could get good financing, but hiring and property |
1:16.6 | management was a challenge. Okay. And prices were at all time high. So you really last year, |
1:21.2 | you were only getting one of the three. Now in 2023, in our opinion, things look way better. |
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