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Updated over 1 year ago,
How to prepare for what's coming in this market
Many assets bought in the last 2 years face challenges due to floating rate debts. Rising interest rates and expiring rate caps amplify this distress.
Right now, there's a wide gap between seller expectations and buyer offers. It's hard to find deals.
But, with distress growing, this gap will narrow, leading to major buying opportunities, often off-market. It's crucial now to connect with brokers and stay informed.
Use this time to build strong relationships with brokers. Focus on continuing your education. Read books, listen to podcasts, join communities, and work with mentors. Do what you can now so that in 3 months or so you'll be ready to make deals.