While most people are waiting for interest rates to drop…
New supply is silently crushing rents and leading to concessions that many investors didn’t underwrite for.
Today I interviewed Gino Barbaro, co-founder of Jake and Gino, who shared a warning from an appraiser in Atlanta…
He revealed that many multifamily assets aren’t trading…
…and when they do start trading, they could face an additional 15-20% markdown.
Gino has acquired over $350 million in multifamily real estate and built a portfolio of 1,800+ units.
In today’s episode, he breaks down:
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Why he’s focusing on newer properties (2018-2019 vintage) instead of value-add deals
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How to structure deals with community banks to minimize prepayment penalties
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Why cap rates for 1970s assets should be at least 8% in today’s market
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The dangers of buying on bridge debt when your business plan takes longer than expected
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How his team is preparing for the refinance boom when rates eventually drop
Plus, Gino explains why he believes we’ll see a housing shortage by 2026-2027…
If you want to understand why “no deal is better than a bad deal” in today’s environment…
Tune in to the episode now!
Take Control,
Hunter Thompson
Resources mentioned in the episode:
- Gino Barbaro
Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser’s Edge.
Learn more here: https://raisingcapital.com/cre