Surviving Scary Times with the Coronavirus in Multifamily
Surviving Scary Times with the Coronavirus in Multifamily
Today, you need direction and confidence to handle the Scary Times ahead in multifamily real estate. James “The Professor” Eng discusses Dan Sullivan’s “Scary Times Success Manual.” James gives you 10 simple tips that you should follow. It can be tempting to focus only on surviving through difficult times, but with these tips in mind, we’re confident you can keep on thriving. Right now, that means providing the leadership you need to navigate successfully through the current global climate and combatting any feelings of fear, anxiety, and uncertainty. To contact James Eng: JEng@oldcapitallending.com To watch: https://www.youtube.com/watch?v=19e82oh3Ya8
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Today, you need direction and confidence to handle the Scary Times ahead in multifamily real estate. James “The Professor” Eng discusses Dan Sullivan’s “Scary Times Success Manual.” James gives you 10 simple tips that you should follow. It can be tempting to focus only on surviving through difficult times, but with these tips in mind, we’re confident you can keep on thriving. Right now, that means providing the leadership you need to navigate successfully through the current global c...
Today, you need direction and confidence to handle the Scary Times ahead in multifamily real estate. James “The Professor” Eng discusses Dan Sullivan’s “Scary Times Success Manual.” James gives you 10 simple tips that you should follow. It can be tempting to focus only on surviving through difficult times, but with these tips in mind, we’re confident you can keep on thriving. Right now, that means providing the leadership you need to navigate successfully through the current global c...
Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833. As all of us in the NYC Multifamily industry make adjustments in our personal and professional lives, we wanted to share how the coronavirus is impacting NYC multifamily. This week I sat down, over video chat, with my partners: Joe Koicim, Seth Glasser, and Shaun Riney and we discussed: What’s the #1 question all NYC owners are asking right now? Why will beginning of April be impor...
Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833. As all of us in the NYC Multifamily industry make adjustments in our personal and professional lives, we wanted to share how the coronavirus is impacting NYC multifamily. This week I sat down, over video chat, with my partners: Joe Koicim, Seth Glasser, and Shaun Riney and we discussed: What’s the #1 question all NYC owners are asking right now? Why will beginning of April be impor...
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes is cooling as buyers cancel orders, and builders are slashing prices to offload homes, the survey found. “Scary times,” a home builder in Nashville, Tenn. told the company. “Hoard cash and hang on for the ride!” Sales of new homes fell 31% this June as compared to last year. Cancelation rates jumped in June to 14.5% nationally, up fro...
Home builders are feeling jittery. That’s according to a June survey of home builder sentiment by John Burns Real Estate Consulting. Demand for new homes is cooling as buyers cancel orders, and builders are slashing prices to offload homes, the survey found. “Scary times,” a home builder in Nashville, Tenn. told the company. “Hoard cash and hang on for the ride!” Sales of new homes fell 31% this June as compared to last year. Cancelation rates jumped in June to 14.5% nationally, up fro...
How will Coronavirus Impact Multifamily? With the Coronavirus making such an impact on the lives of many Americans, the economy is taking a plunge. Many investors are trying to determine the best path forward and what to do with their money. Should they pull it out of the stock market? Should they buy more? And what about the reaction to the coronavirus? Are we overreacting with the social distancing? Maybe. However, it’s better to look back in 6 months and wonder if we overreacted than loo...
How will Coronavirus Impact Multifamily? With the Coronavirus making such an impact on the lives of many Americans, the economy is taking a plunge. Many investors are trying to determine the best path forward and what to do with their money. Should they pull it out of the stock market? Should they buy more? And what about the reaction to the coronavirus? Are we overreacting with the social distancing? Maybe. However, it’s better to look back in 6 months and wonder if we overreacted than loo...
Matt Faircloth was scheduled to talk about multifamily and marketing, specifically his YouTube and BiggerPockets presence. However, with the impact of the Coronavirus on many multifamily investors, we felt it was better to talk about how he’s adjusting operations real-time in response to the Coronavirus pandemic. Matt is the President and Director of Operations at the DeRosa Group and has completed over $30 million of real estate transactions. He also is a frequent contributor to BiggerPock...
Matt Faircloth was scheduled to talk about multifamily and marketing, specifically his YouTube and BiggerPockets presence. However, with the impact of the Coronavirus on many multifamily investors, we felt it was better to talk about how he’s adjusting operations real-time in response to the Coronavirus pandemic. Matt is the President and Director of Operations at the DeRosa Group and has completed over $30 million of real estate transactions. He also is a frequent contributor to BiggerPock...
On this quick episode of Behind the Bricks myself, Joe Koicim, Shaun Riney, and Seth Glasser share our third update in our series of conversations on the impact of the Coronavirus on the New York City multifamily market. You will hear about the types of buyers coming into the market, the areas with the highest deal velocity, and the challenges and opportunities emerging closing deals. Since March 15th our team has closed 21 deals, signed 26 contracts, and have another dozen contracts out. T...
On this quick episode of Behind the Bricks myself, Joe Koicim, Shaun Riney, and Seth Glasser share our third update in our series of conversations on the impact of the Coronavirus on the New York City multifamily market. You will hear about the types of buyers coming into the market, the areas with the highest deal velocity, and the challenges and opportunities emerging closing deals. Since March 15th our team has closed 21 deals, signed 26 contracts, and have another dozen contracts out. T...
Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833. In this episode we take the impacts of COVID-19 a step further. With NYC being the epicenter of the pandemic our multifamily team has been directly dealing with the rapidly changing NYC multifamily market: All property operators, sellers and buyers are affected and have questions about how to navigate. In this episode Joe Koicim, Seth Glasser, and Shaun Riney and I discuss: • ?...
Have a question you'd like answered on an upcoming episode? Call and let us know what it is: 646-450-1833. In this episode we take the impacts of COVID-19 a step further. With NYC being the epicenter of the pandemic our multifamily team has been directly dealing with the rapidly changing NYC multifamily market: All property operators, sellers and buyers are affected and have questions about how to navigate. In this episode Joe Koicim, Seth Glasser, and Shaun Riney and I discuss: • ?...
Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then […]
Maybe you wanted to know how to invest in real estate back in early 2020. You took some time to educate yourself by listening to podcasts and reading books. Then […]
A majority of multifamily developers are struggling with project delays related to financing, material price increases and permitting, according to a new NMHC survey. Ninety percent of respondents reported construction delays, with 78% of this group reporting delays in permitting and 86% experiencing start delays. The cost of materials remains on the rise, with 76% of respondents to the quarterly construction survey experiencing price increases in projects, at an average rate of 9%. One bright...
A majority of multifamily developers are struggling with project delays related to financing, material price increases and permitting, according to a new NMHC survey. Ninety percent of respondents reported construction delays, with 78% of this group reporting delays in permitting and 86% experiencing start delays. The cost of materials remains on the rise, with 76% of respondents to the quarterly construction survey experiencing price increases in projects, at an average rate of 9%. One bright...