Many Multi-family properties now in debt service trouble as the GPs took out very risky 2-3 yr floating rate or adjustable loans so they could cash flow after buying very expensive 3Cap apartments, which loans have gone from 1.5% to 5% or higher, and knowing that obvious and predictable risk since every primate could see mega-inflation coming in early 2021 due to more money printed in 2 yrs than first 200 yrs of country, They "smartly" took out Rate Cap insurance, (cost 50k for a 12 month policy on 10mil loan to cap variable insurance rise about 1-1.5% above the origination level) but now that US 10yr up 10x from 0.31 in 3/2020 to 4.2%, that same insurance policy is 1.5-2.0 million not 50K, so They can't cover the much higher debt service nor buy new cap insurance without shutting down distributions or capital calls.

Inflated ARV's and underestimated rehab costs are common practice with most wholesalers, much of which are newbies who have never flipped a home themselves.As another stated, there are other ways to land deals besides wholesalers so cast a wide net and use multiple avenues to funnel your leads.

The government increased the money supply by 40% causing record inflation and interest rate increases. 

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

Millions of incompetent agents propped up by an inflated compensation model.4.

There must be a ton of capital on the sidelines, and investors are putting down more on deals for them to work.Factor in tax benefits, hedge on inflation, rents still cheaper than buying, and the investment is still compelling to some.There are deals out there, you just have to create relationships with brokers, and play the long game.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

They don't want to sell their beloved property at a price below the sometimes inflated value they think it's worth.

The way I’ve always seen it explained:  You add 5 years of inflation to the current value, say 25%.

This is likelyi to reverse2) Housing prices got greatly inflated due to historic low rates.