Calling All Multi Fam Asset Managers Out There....How is it going?
[{"id": "dm2ze54", "text": "Strikes and Gutters.\n\nLots of areas are booming, while other areas still struggle.  Depends widely on where youre at.  Prices for most assets, however, are very high. \"Fully priced\" as they say.  Interest rates remain low, most economies remain on the upward haul...demand for multifamily is high. ", "replies": [{"id": "dm3h6et", "text": "Pretty much exactly.", "replies": [], "depth": 2}, {"id": "dmayc1g", "text": "Im starting to see softening in my market  (NYC).  All the luxury product is competing with each other, driving their prices lower, after taking into account concessions and other give always, resulting in my middle income inventory looking less attractive.\n\nMy only option right now is to add amenities.  Looking to update the courtyards with nice seating and landscaping, updating carpet in the hallways, taking out an old storage area and making it into a gym.  All cost money with no guaranteed ROI.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dm3qxw5", "text": "I'm an AM with a lender. I'm worried about the amount of leverage on deals originated over the last 2 years. Even class B properties were UW aggressively. ", "replies": [], "depth": 1}, {"id": "dm4zhh9", "text": "I'm looking to purchase multi-fam assets. Any recommended websites?", "replies": [{"id": "dm8sasq", "text": "&gt; recom\n\nWebsites are tough.  You are going to be stuff at full price or even higher.  Work with local brokers, put letters in mailboxes that youre a buyer.  Gotta pound the pavement right now for a good deal.", "replies": [], "depth": 2}], "depth": 1}]