Development Is Out & Conversions Are In | Ep. 546

Multifamily Investing Made Simple

Development is out and conversions are the new black. At least according to the recent numbers.
We're coming into this episode lukewarm with another series of tepid-takes. But a big topic in this episode revolves around the month to month decline in new multifamily developments...
But there's an ever growing trend of office space conversion into multifamily units. People have to live somewhere... and if you aren't going to build new buildings, might as well convert an old one.
It's important to remember to look at the bigger picture. There are so many sensational articles being put out everyday on the current state of the market. But a month to month decline in developments is not going to be the best indication of a market's status. So this news could be nothing...
We also cover the recent real estate drama surrounding Elon Musk and Twitter. What do you do if a billion dollar company doesn't pay their rent...
Find out on this week's episode of Multifamily Investing Made Simple!
Tweetable Quotes:
"Here's a secret, guys... The check's never in the mail."– Anthony Vicino
"There are a bunch of projects that have been going on while interest rates have been rising. But as new projects are about to start, a lot of developers are saying, hey, no, this doesn't pencil." – Dan Krueger

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