WS1556: Multifamily Risks and Strategies | Dave Codrea

Published: Jan. 24, 2023, 8 a.m.

Inflation, recession, and the current economic climate are just a few of the things that businesses, including real estate, are facing now. So, is it time to buy, sell, or even hold? In the second episode of our three-part series with Dave Codrea of Greenleaf, he talks about the risks the asset class is facing and the strategies that they have to weather it.

Dave also details how you can prepare for a possible downturn, the pros and cons of multifamily, and the importance of having the best team. He then shares whether they are buying, selling, or holding their properties now, their deal criteria, and the importance of transparency whether to your team, residents, or team

Key Points From This Episode:\xa0

  • Dave elaborates on their key considerations in investing in multifamily assets.
  • Dave gives an example of a deal that they did.
  • How does Dave\u2019s team find the deals that they should be buying?
  • What data should be considered in buying multifamily?
  • Dave talks about the pros and cons of investing in multifamily.
  • Dave\u2019s expectations of the multifamily sector for the year.
  • Why does Greenleaf prefer not to have floating-rate debt?
  • Will Dave continually buy, sell, or just hold this year?
  • How many reserves do you need?
  • Dave talks about the different asset classes that they have.
  • Dave shares that Greenleaf has two teams, they are the commercial team and the residential team.
  • Dave emphasizes the importance of transparency whether to your team, residents, or team.


Tweetables:

\u201cWhen we're looking at buying multifamily, or any of the deals that we've bought in that space, there's a lot of talk of just, right now, there's a shortage of supply.\u201d

\u201cWhen we're making investment decisions, we want to see exactly what's happening in the surrounding area.\u201d

\u201cIf you have a growing population area and you have an affordable product, there's going to be demand.\u201d


Links Mentioned in Today\u2019s Episode:

Dave Codrea on LinkedIn
Greenleaf website
WS1555: How I Started My RE Journey in High School | Dave Codrea

About Dave Codrea
Dave is co-founder of Greenleaf, an Atlanta-based real estate investment firm. From the very beginning, Dave built

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