Multifamily Properties in Florida Questions - Market cooling?
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[{"id": "ihinjb1", "text": "Other than CTL distribution/last mile, multi family is gonna have the tightest spread to debt out of any property type. With that, its also the most interest rate sensitive. As yields have spiked, buying power has softened the frenzied market we had to start the year. Doesn\u2019t mean it wont continue to go up from here.", "replies": [], "depth": 1}, {"id": "ihj8e14", "text": "At 20% down on a property you won't even cover debt service with a conventional mortgage at today's interest rates. Florida also seems to get killed on economic downturns and it's not nearly bloody enough in trading multifamily right now.", "replies": [], "depth": 1}, {"id": "ihj9bjv", "text": "The single family dwellings are experiencing a shift in certain markets", "replies": [], "depth": 1}, {"id": "ihjpd3g", "text": "Inventory is not a problem, nothing is moving. Prices are correcting downward 4 - 10% per month in many cases. It\u2019s absolutely cooling.", "replies": [], "depth": 1}, {"id": "ihl9awo", "text": "Under 20% down????\n\nDon\u2019t think that was even a thing without Fannie products. Are you wanting a rehab loan?\n\nWhat is your deal size? We have to jump through hoops for foreign ownership and Fannie. Do you have US partners?", "replies": [], "depth": 1}]