Episode #955 Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Want to Invest in Multifamily? Grab the Book “The Multifamily Millionaire, Volume I”: https://store.biggerpockets.com/products/the-multifamily-millionaire-volume-i?utm_source=owned_media Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders See Henry and Kathy at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none Hear Our Last Episode with Thomas: Rent Unaffordability Crosses Dangerous New Threshold: https://www.biggerpockets.com/blog/real-estate-775?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Henry: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Kathy: https://www.biggerpockets.com/users/kfettke?utm_source=youtube&utm_medium=description&utm_campaign=none Multifamily real estate is still offering some significant opportunities to investors—you just need to know where to look! Although the past two years have been rough for multifamily, with falling rents, rising interest rates, and higher vacancy, we may be on the way out of this vicious multifamily market we found ourselves in just a year or so ago. With new multifamily construction predicted to dry up significantly over the next few years, current multifamily rents are already beginning to rise. So, where should YOU be buying to take advantage of this positive trend? Thomas LaSalvia, from Moody’s Analytics CRE, joins us to give a multifamily real estate update and share where to find the best multifamily opportunities in 2024. With some markets still seeing more supply than demand, investors could pick up deals from distressed owners. Plus, one often-forgotten region may see demand pick up in a big way—if you invest here, you could get ahead of the curve! We’ll also discuss how multifamily rents have been performing, why new multifamily construction will see a huge slowdown in 2025 - 2026, whether today’s sluggish economy will affect multifamily, and the one big danger multifamily real estate investors (and future investors) CANNOT overlook. 01:28 Commercial vs. Residential Real Estate 04:24 Rent Slowly Recovers 09:02 Will Building Slow Down? 12:33 Job Loss and Affordability Problems 15:33 Affordable Housing 19:09 Good for Small Landlords? 25:17 Why Hasn’t Multifamily Crashed? 28:14 Opportunities to Look For 35:05 One Danger to Multifamily