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Working Full-Time? How Michella Chiu Builds Multifamily Real Estate After Work Part 2
Episode Summary
In Part 2, Michella Chiu and Eric Lindsey bring the conversation up to the current market. Michella acknowledges that multifamily is sensitive to rising interest rates and explains how her team responded with patience, conservative underwriting on cap rates and repairs, assuming lower-rate loans whenever possible, and focusing on deals that have a specific reason to win. She walks through a recent example: a Class A, newly built property of around 200 townhouses in Louisville, Kentucky, acquired from a builder that builds rather than operates. The property was over 90%…
The skinny
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