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Updated almost 5 years ago on . Most recent reply

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Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
256
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Still buying or holding off for now?

Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
Posted

With all of that has gone on in the last 3 weeks, I am curious to know who is still pushing forward and continuing to look for deals and will still buy and how many of those that are going to sit back and wait for things to unfold.  And either way, why?  I feel like it's still ok to buy but need to be much more conservative on your underwriting, especially in Years 1 and 2.  Will capital be tougher to raise?

Most Popular Reply

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Kyle Mitchell:

With all of that has gone on in the last 3 weeks, I am curious to know who is still pushing forward and continuing to look for deals and will still buy and how many of those that are going to sit back and wait for things to unfold.  And either way, why?  I feel like it's still ok to buy but need to be much more conservative on your underwriting, especially in Years 1 and 2.  Will capital be tougher to raise?

My mentees and I are still going full steam ahead. Lot's of buyers are getting cold feet so it could be a good time to be the only seat at the table. On the flip side a few sellers have backed out of negotiations as well stating they want to wait a few weeks until things settle down.

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