In the housing crash of 2008 homes half the size were still selling for 600-700k, if I were have to sell the property for 1.3 or less ill be taking a loss, but crashes come and they go I cant base it off that if or when it will happen, It will happen given the crazyness right now, but there is always a time where it will happen.  

. 😁 HAHA True.... in san francisco's condo underwriting, it's now better deal than Phoenix or Miami.Some sub-market specific already in crashing mode. 

Thanks, Sam - I don't know if I fully subscribe to the 18 year real estate cycle, but a huge market crash is already in full swing in various CRE asset classes, including multifamily.

To start, these are the fundamental underwriting inputs the GP/Syndicator will be making when arriving at their offer price:Management Fees: This will be very similar to any other bidder who relies on 3rd party management (and generally more expensive than a local operator who benefits from the efficiency of managing an existing local portfolio).

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

Rather than a crash, I see a small correction and more flat line growth in the next 2-4 years. 

If you are seeking for prices to drop, I would not anticipate a crash with the hopes of timing the market.

Hi Mike - I have automated messaging for several points throughout the guest pre arrival and arrival and check out process, however I supplement that with my own messaging such as asking about restaurants or if they want to stay an extra night.

So long as I am no crashing a ladies only get together :)

The time of the clean cut, good guy champion has arrived