Is Multifamily in Trouble? Mark Kenney's Honest Take on the Market

Is Multifamily in Trouble? Mark Kenney's Honest Take on the Market

Author: Mark & Tamiel Kenney May 24, 2023 Duration: 11:19

Is multifamily in trouble — or is everyone asking the wrong question?

In this solo episode, Mark Kenney cuts through the noise, identifies what's actually driving the pain in today's market, and makes the case for why multifamily still wins as a long-term investment — even now.

In this episode you will learn:

• Why variable-rate debt — not multifamily as an asset class — is the real culprit behind today's problems

• The $50M prepayment penalty calculation that reframes the fixed vs. variable rate debate

• Why non-recourse debt changes the risk profile of multifamily in ways single family simply can't match

• How loan assumptions are driving deals right now — and why this advantage doesn't exist in single family

• The cap rate multiplier that makes every NOI dollar worth roughly $15 in multifamily value — and why that math doesn't exist for residential investors

• How to stop second-guessing past decisions and use what the market has taught you to invest better going forward

This is the honest, numbers-driven perspective on multifamily that you won't get from the headlines.

Join us at our next event at https://thinkmultifamily.com/event

Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify.

 

Mark and Tamiel Kenney built something remarkable, turning a single duplex into a portfolio of over sixty-five hundred units in just three years. On the Think Multifamily Podcast, they pull back the curtain on exactly how they did it, moving beyond theory to share the tangible, week-by-week steps that define real success in apartment investing. This isn't about sacrificing your time or freedom; it's a practical conversation about building a legacy that actually works for your life. Each episode feels like a direct conversation with the Kenneys, filled with the specific insights and hard-won lessons from their own journey. You'll hear them break down complex deals, discuss market shifts, and explore the mindset required to navigate the challenges and opportunities in multifamily real estate. Tune in for a straightforward, content-rich dialogue that cuts through the noise, offering a clear path for anyone serious about creating lasting wealth through property. This podcast provides the kind of actionable guidance that only comes from hosts who have walked the path themselves.
Author: Language: English Episodes: 100

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