162: The Evolution of Real Estate Investing: A Conversation with James Eng

What this episode covers

Join us on this exciting episode of the Passive Investing from Leftfield podcast as we dive deep into the world of multifamily investing with James Eng, the professor of Multifamily Financing. Discover the latest trends, strategies, and insights into the future of real estate investment. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information to help you navigate the ever-evolving real estate market. Don't miss out on expert advice and strategies for building wealth through smart investing. Tune in now!   About James Eng  James Eng has over 18 years of experience in commercial real estate lending, starting his career as an underwriter at GE Capital Real Estate prior to joining Old Capital in 2015 where he is currently the National Director.He has worked with hundreds of investors to help them acquire over $1.5BN in multifamily properties totaling over 20,000 units nationwide. In addition to financing multifamily, he has invested in over 10,000 units as a limited partner in nearly 40 properties in Texas.James combines his finance, risk, and investor background to find the best loan for clients and to be an indispensable advisor throughout the life cycle of a deal. Often called “The Professor” of Multifamily Financing, he has produced hundreds of hours of educational multifamily content on YouTube.He received his finance degree from the University of Texas at Austin and resides in Dallas-Fort Worth with his wife and three boys.     Here are some power takeaways from today’s conversation: 2:11  His real estate journey 6:27 Investing in one market 8:07 Multifamily financing today 15:00 Should you refi in 2024? 17:31 How interest rates will affect the rate caps 21:05 Deal advice for LPs 27:38 Tax implications of early sale on LPs' depreciation29:01 Q&A: preferred equity? 33:36 Q&A: distressed sellers in 2024 35:16 Will lenders be in trouble in 2024? 40:25 Outlook for LPs with recent floating rate debt investments 43:08 Will new apartments accelerate distressed deals in 2024? 44:52 Strategies to protect yourself against decreased cashflow in a market when you depend on it for income 48:20 Q&A: what he would have done differently in insight with distressed deals  52:22 Podcast recommendation 53:49 Contact James 54:35 Thanks for watching   This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.         Resources Mentioned: LinkedInhttps://www.linkedin.com/in/jamesengYouTubehttps://www.youtube.com/channel/UC4NRATcTMmkodJ_CEP9MRWQ  Podcast Recommendations: The Woj Pod: https://podcasts.apple.com/us/podcast/nuggets-coach-michael-malone/id1470466331?i=1000600562916The Rebel Capitalist Show: https://podcasts.apple.com/mt/podcast/the-rebel-capitalist-show/id1492584441Ken McElroy Real Estate Strategies: https://podcasts.apple.com/us/podcast/ken-mcelroy-real-estate-strategies/id1465180254  Advertising Partners: Left Field Investors:https://www.leftfieldinvestors.com/ Rust Belt Capitalhttps://rustbeltcapital.com/ Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/ Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suhhttps://www.leftfieldinvestors.com/books/ Circuit Cityinvest.circuitcity.com

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