Cap Rates
HOW DO MACROECONOMIC FACTORS AFFECT CAP RATES?
Macroeconomic factors such as inflation, interest rates, unemployment, and economic growth can all affect cap rates. Inflation can push cap rates higher due to increased costs, while low-interest rates can result in lower cap rates as investors may be willing to accept lower returns. High unemployment can also lead to lower cap rates as investors may be reluctant to invest in property due to the decreased demand for rental units. Lastly, economic growth can lead to higher cap rates due to increased demand for rental property.
reVISION Masters
TOGETHER WE CAN DO MORE
WEB PAGE: www.revisionmasters,us
YOUTUBE PAGE: https://bit.ly/3kcasHC
EMAIL: [email protected]
#revisionmasters
#multifamilyinvesting
#multifamily
#merrillkaliser
#johnmonteiro
#caprate
#investing
FW 4 fastest growing
ZILLOW PREDICTS DALLAS TO BE THE NO. 4 HOTTEST HOUSING MARKET IN U.S. FOR 2023
Dallas follows Charlotte, Cleveland, and Pittsburgh on the list, and is the only Texas city that made the cut. Austin, 2021’s hottest market, fell all the way to 29th on this year’s list—largely because it now ranks “among the country’s most expensive large markets,” Zillow said.
CLICK TO READ:
https://bit.ly/3XwrPBj
reVISION Masters
TOGETHER WE CAN DO MORE
WEB PAGE: www.revisionmasters,us
YOUTUBE PAGE: https://bit.ly/3kcasHC
EMAIL: [email protected]
#multifamilyinvesting
#multifamily
#merrillkaliser
#johnmonteiro
#Texas
TX invest MF
WHY IS TEXAS SUCH A GREAT PLACE TO INVEST IN MULTIFAMILY DEVELOPMENTS
1. Population and Job Growth: Texas has seen tremendous population and job growth over the past decade, making it an attractive place to invest in multifamily development. The state has seen a nearly 20 percent population increase since 2010, and is projected to add an additional four million residents by 2030. This rapid growth provides a steady supply of potential renters, as well as a strong job market to support the demand.
2. Lower Taxes: Texas has lower personal and corporate taxes than many other states, which can help investors keep their costs low and maximize their returns.
3. Low Cost of Living: Texas offers a low cost of living relative to other states, which makes it a great place to invest in multifamily developments. The median home price in Texas is around $200,000, which is much lower than the national average. This low cost of living also makes it an attractive place for potential renters.
4. Growing Rental Market: The rental market in Texas is growing at an unprecedented rate. The number of renters in the state has nearly doubled since 2010, and is expected to continue to grow in the coming years. This is due in part to the influx of new residents and the relatively low cost of living.
reVISION Masters
TOGETHER WE CAN DO MORE
WEB PAGE: www.revisionmasters,us
YOUTUBE PAGE: https://bit.ly/3kcasHC
EMAIL: [email protected]
#multifamilyinvesting
#multifamily
#merrillkaliser
#johnmonteiro
#Texas
Corporate Relocation
Texas is becoming an increasingly attractive destination for businesses looking to expand in 2023! With its diverse economy, low taxes, and low cost of living, it's no wonder big companies are relocating to the Lone Star State!
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#2023
#yearinreview
#merrillkaliser
#Texas
#Business
#Relocation
RM Video snippet 3 WAGES 1080P
Stimulus spending has been a key factor in driving up wages across the US. By providing additional funding to states and local governments, businesses have been able to create new jobs and increase wages for existing employees. Additionally, the stimulus provided a much-needed boost to small businesses, who often struggle to pay competitive wages. As a result, stimulus spending has helped increase wages throughout the country, creating a positive economic impact for millions of American workers.
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#2023
#yearinreview
#merrillkaliser
#johnmonteiro
#annakelley
#stimulusspending
#wages
#economy
RM Video snippet 4 Food Shortage
The food shortage made an impact on the economy. People had been forced to pay higher prices for food, leading to increased poverty and hunger. This put a strain on local businesses, which cut staff and prices to remain competitive. With fewer people able to afford food, the demand for goods and services had been decreased, leading to a decrease in the overall economic growth.
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#2023
#yearinreview
#merrillkaliser
#johnmonteiro
#annakelley
#foodshortage
#economy
Video snippet 2
2022 Economics as expected, turned out to be a tumultuous year. As the world continues to navigate the ongoing effects of the COVID-19 pandemic. Governments and central banks around the world are expected to continue to provide stimulus and support to the global economy. Economic growth is expected to be uneven and volatile, with some countries and regions suffering more than others. Inflation is expected to remain low, but could be impacted by rising commodity prices and supply chain disruptions. As the world gradually recovers, governments and central banks will need to focus on reducing debt, increasing public investment and creating jobs. The rise of digital technology, automation and new business models could provide opportunities for businesses and individuals to prosper, but also pose challenges to traditional economic models and social structures.
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#2023
#yearinreview
#merrillkaliser
#johnmonteiro
#annakelley,
RM Video snippet 1
It's been a long, tough year, but we made it! Despite the challenges of the year, our team has achieved great success. From launching new developments to expanding our reach and increasing our engagement, it's been an incredible journey. We couldn't have done it without the hard work of our team and the support of our investors. Here's to a successful 2023!
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#2023
#yearinreview
#merrillkaliser
#johnmonteiro
#annakelley
RM New Years bottle
HAPPY NEW YEAR!!
Share your New Year goals in the comments section of the post to solidify the accountability of achieving your accomplishments.
K&A 2023 happy new year
HAPPY NEW YEAR. WISHING EVERYONE A HEALTHY AND PROSPEROUS NEW YEAR.
Asset Mgmt 1080
ASSET MANAGING VS PROPERTY MANAGING (To be or not to be)
Disclaimer - I and NOT beating up on property management companies at all; rather setting expectations!
I thought I would share some dialogue I had this morning with one of our Asset Managers on our team at reVISION Masters. For context, he was letting me know that some financials and reports were going to be late and some of the numbers didn't match up with our daily KPI reports. Again, I am very happy with all of our PMs.😀
"You are doing fine. Getting financials and information from a PM in a timely manner is like trying to pull a piece of meat out of a Pitbull’s mouth. As you are finding out, PM does NOT keep accurate CPA-compliant books of their transactions. It is a mixture of accrual and cash basis, coupled (many times) with budgets that are typically not given much forethought to (excluding all of our PM companies that we use). Tandy saw this first hand on some of our properties and nothing surprises her now. The reality is that our KPIs allow us to “fact check” and micromanage (as I stated in response to a large investor of ours). Can you imagine if we did not have daily KPIs and not have people like us, pushing, challenging and questioning everyone one?
Ever since COVID started in the beginning of 2020, I have been posting, doing webinars and discussing at real estate seminars how important asset managing actually is. You CANNOT and shouldn't rely on PM for more than 80% of what is needed (and for what they get paid, we shouldn’t expect more than 80%). Honestly, that is not their job and they are certainly not paid enough to do that (I know after having a PM company managing almost 3,000 SFRs). How do you cover the other 20% (which is probably the most important part for us as Asset Managers)? Answer: daily KPIs and Pitbull asset managers (you, me, Jeff Satz, PMP and Tandy Robinson, CPA). At the end of the day, this is not monopoly and we are not playing a game. Rather, we are the C-Su
K&A inish
Wishing you a merry Christmas filled with joy, peace, and happiness! #MerryChristmas #kaliserlaw
1 3 2023 Zoom call Ad 3_ 12 18 22 Post
HOT TOPICS:
HEARING THE TAKE ON THE ECONOMIC CHALLENGES OF 2022
• Inflation & Interest Rates
• Credit Market Changes
• Multifamily Pricing
A LOOK BACK AT 2022 & PREVIEW OF 2023: THE ECONOMY & MULTIFAMILY INVESTING.
ZOOM webinar Tuesday, January 3rd from 6:00 – 7:00pm (Central)
John Monteiro and Merrill Kaliser are having a webinar Tuesday, January 3rd from 6:00 – 7:00pm (Central) - A look back at 2022 & preview of 2023: The economy & multifamily investing. We are privileged and honored to have Anna Kelley join us as we discuss the current state of the economy (nationally and regionally), our economic outlook, and why we are bullish on multifamily in Texas as a way to grow & protect wealth in every market cycle. We will also have a question and answer time, so make sure not to miss this opportunity to ask us your questions live on the call!
Using the link below, please sign up for the webinar on Tuesday, January 3rd, at 6:00pm Central Time.
https://bit.ly/3ProzEe
TO SIGN UP:
https://bit.ly/3ProzEe
Link to be a reVISION Masters VIP:
https://bit.ly/3ynLCc5
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
Christmas eve
WISHING EVERYONE A VERY MERRY CHRISTMAS EVE!
1 3 2023 Zoom call Ad 3_ 12 18 22 Post
HOT TOPICS:
HEARING THE TAKE ON THE ECONOMIC CHALLENGES OF 2022
• Inflation & Interest Rates
• Credit Market Changes
• Multifamily Pricing
A LOOK BACK AT 2022 & PREVIEW OF 2023: THE ECONOMY & MULTIFAMILY INVESTING.
ZOOM webinar Tuesday, January 3rd from 6:00 – 7:00pm (Central)
John Monteiro and Merrill Kaliser are having a webinar Tuesday, January 3rd from 6:00 – 7:00pm (Central) - A look back at 2022 & preview of 2023: The economy & multifamily investing. We are privileged and honored to have Anna Kelley join us as we discuss the current state of the economy (nationally and regionally), our economic outlook, and why we are bullish on multifamily in Texas as a way to grow & protect wealth in every market cycle. We will also have a question and answer time, so make sure not to miss this opportunity to ask us your questions live on the call!
Using the link below, please sign up for the webinar on Tuesday, January 3rd, at 6:00pm Central Time.
https://bit.ly/3ProzEe
TO SIGN UP:
https://bit.ly/3ProzEe
Link to be a reVISION Masters VIP:
https://bit.ly/3ynLCc5
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
Upset-
Probably time for ANOTHER legal/financial update based on what I am seeing in the law practice as well as out there in the markets!
Sometimes the obvious, is not so obvious....
- Probably NOT a good idea to close without having your CapEx raised
- If you are not meeting your DCSR requirements in loans docs, please contact your lender. Let your lender/PE know that your cashflow is getting reduced (i.e., debt service, property taxes, insurance increases...). Ignoring debt/PE will simply piss of your largest and cheapest source of capital and show them that you do not know how to asset manage.
- Fight your tax assessments. If you can provide comps of increased cap rates (since the Fed's interest rate hikes), you can show a decreased value (at least on paper).
- Require your property management company(ies) to utilize a company like Rhino+ for security deposits. This can dramatically reduce your delinquent receivables (especially right now)
- Communicate monthly with your investors/limited partners as to the property's KPIs (good and/or bad). Communication is ALWAYS the best way to reduce tensions created from unknowns or from staring at media outlets talking about economic doom and gloom
- If you are a KP on a project, you may have the same liability as the GP/Sponsors. You HAVE to be actively in contact with your sponsors to understand what is going on with your property (yes, we have seen KPs held to the same liability requirements as the sponsors). Hint, hint - NEVER EVER become a KP without some compensation or upside (legally drafted and disclosed...of course).
- You BETTER have weekly calls with your PM company as to the 40-50 KPIs (key performance indicators) establishing the health of your asset. What is going on for marketing? Vacant Readies? Traffic count through the leasing office? Work orders over 3 days old? Constantly survey the market/competition for comps/incentives.
- Finally, STOP PUTTING HARD MONEY DOWN DAY 1, if you do not know or unde
Recession Real Estate
WHAT IS RECESSION RESILIENT REAL ESTATE INVESTING?
Recession resilient real estate investing is a strategy of investing in properties that are likely to remain stable or appreciate in value during economic downturns or recessions. This typically involves investing in properties with long-term leases that are in areas with strong demand and that are not overly dependent on economic cycles. Examples of recession-resilient real estate investments include multi-family apartment buildings, student housing, medical office buildings, and senior housing.
Link to be a reVISION Masters VIP: https://bit.ly/3ynLCc5
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#recession
Lending
GSES UNLIKELY TO MEET ALLOCATIONS
For perhaps the first time ever, Fannie Mae and Freddie Mac will probably fall short of the amount they are able to lend.
Multifamily transaction activity has slowed so much in recent months that the government-sponsored enterprises Fannie Mae and Freddie Mac—possibly for the first time ever—may not lend all the capital allocated to them by the federal government.
CLICK TO READ:
https://bit.ly/3VQjXKr
Link to be a reVISION Masters VIP: https://bit.ly/3ynLCc5
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#investment
#FannieMae
#FreddieMac
Goldman
GOLDMAN SACHS JV ACQUIRES DFW PORTFOLIO
The buyers plan to make capital improvements and provide support services at the properties.
A joint venture between CAF Funds, the acquisition-focused subsidiary of CAF Cos. and Goldman Sachs Asset Management’s Urban Investment Group has completed the purchase of the Obsidian portfolio, an eight-community, 2,766-unit collection of multifamily properties around the Dallas-Fort Worth area.
The acquisition is part of CAF’s Impact + Housing investment platform, which places affordability restrictions on its properties, in addition to partnering with nonprofits to offer residents a number of wellness and professional development services. The purchase was financed through a loan from Freddie Mac, which provided funding in exchange for the buyers bolstering the properties’ affordability and providing resident support services.
https://bit.ly/3hcoQhU
TO READ MORE:
https://bit.ly/3iM2xzW
Link to be a reVISION Masters VIP: https://bit.ly/3ynLCc5
reVISION Masters
TOGETHER WE CAN DO MORE
https://bit.ly/3MUurnP
[email protected]
#multifamilyinvesting
#multifamily
#DFW
