Episodes
Thursday Jul 25, 2024
2024 Real Estate Market Outlook Year-End Opportunities Revealed
Thursday Jul 25, 2024
Thursday Jul 25, 2024
In this episode, Toby Mathis of Anderson Business Advisors welcomes Neal Bawa back to the show for another eye-opening appearance. Neal is the founder and CEO of Grocapitus, a commercial real estate investment company, and CEO of MultifamilyU, an apartment investing education company.
Neal reports some jaw-dropping stats: 18 million families are priced out of homeownership due to salary versus mortgage disparities. Landlords are poised with a peak supply of 673,000 apartments in 2024, but the market will experience a shortage and price hikes in 2025-2026. The Federal Reserve's interest rate policies aim to balance inflation and affordability concerns, potentially influencing market dynamics. Investors are advised to target multifamily properties and land purchases, focusing on 5-unit properties over smaller units and considering assumable loans for strategic advantages in the current market landscape.
Highlights/Topics:
- Market progress since Covid
- Increases - Salaries vs. Mortgages
- 18 million families have been priced out of home ownership
- Opportunities for landlords - supply is peaking - 673,000 apartments in 2024
- 2025-2026 will see extreme apartment shortages and price hikes
- Interest rates and the Fed
- Inflation vs. rate cuts, affordability may improve
- Possible zig-zagging market price fluctuations
- What should investors do “right now”?
- Current advantages in the multi-family market, land purchases
- Why you should be looking at 5-unit properties, not 1-4 units
- Look for assumable loans
- Time is your friend in today’s market
Resources:
https://www.grocapitus.com/
https://multifamilyu.com/
Watch Neal Bawa “Feds Broke the Bank- Is Real Estate Safe?” March 2023
https://www.youtube.com/watch?v=v-zObxj7NPk
https://andersonadvisors.com/
https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw
https://andersonadvisors.com/podcast/
https://www.youtube.com/channel/UC5GX-U6VbvMkhSM1ONBiW8w