WS1556: Multifamily Risks and Strategies | Dave Codrea

Inflation, recession, and the current economic climate are just a few of the things that businesses, including real estate, are facing now. So, is it time to buy, sell, or even hold? In the second episode of our three-part series with Dave Codrea of Greenleaf, he talks about the risks the asset class is facing and the strategies that they have to weather it.Dave also details how you can prepare for a possible downturn, the pros and cons of multifamily, and the importance of having the best team. He then shares whether they are buying, selling, or holding their properties now, their deal criteria, and the importance of transparency whether to your team, residents, or teamKey Points From This Episode: Dave elaborates on their key considerations in investing in multifamily assets.Dave gives an example of a deal that they did.How does Dave’s team find the deals that they should be buying?What data should be considered in buying multifamily?Dave talks about the pros and cons of investing in multifamily.Dave’s expectations of the multifamily sector for the year.Why does Greenleaf prefer not to have floating-rate debt?Will Dave continually buy, sell, or just hold this year?How many reserves do you need?Dave talks about the different asset classes that they have.Dave shares that Greenleaf has two teams, they are the commercial team and the residential team.Dave emphasizes the importance of transparency whether to your team, residents, or team.Tweetables:“When we're looking at buying multifamily, or any of the deals that we've bought in that space, there's a lot of talk of just, right now, there's a shortage of supply.”“When we're making investment decisions, we want to see exactly what's happening in the surrounding area.”“If you have a growing population area and you have an affordable product, there's going to be demand.”After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/