What did Covid do to Multifamily Investing? with James Eng

James Eng has over 15 years of experience in commercial real estate lending, starting his career as a loan underwriter at GE Capital Real Estate prior to joining Old Capital in 2015 where he is currently the National Director. He has worked with hundreds of investors to help them acquire over $1BN in multifamily properties totaling over 14,000 units nationwide.

James combines his finance, risk, and investor background to find the best loan for clients and to be an indispensable advisor throughout the lifecycle of a deal. Often called “The Professor” of Multifamily Financing, he has produced hundreds of hours of educational multifamily content on YouTUbe. In addition to financing multifamily, he has invested in close to 10,000 units as a limited partner in nearly 30 properties in Texas.

For this episode, we talk all about the changes in multifamily investing brought about by COVID

[00:01 – 03:43] Opening Segment

• I talk briefly about great values that await you in this episode
• I welcome our guest, James Eng
• James talks about his background

[03:44 – 14:20] The State of Multifamily Real Estate Investing

• James’ overall observation on the current state of multifamily real estate investing
  • The beauty of multifamily properties despite Covid
• Migration from larger cities to relatively smaller cities
• The trajectory of the market from an investor/lender’s standpoint
• Interest and cap rates

[14:21 – 23:53] More changes brought about by COVID

• Changes on loan interest rates
• Increase/Decrease on reserve requirements
• Top things James’ looks at when looking into passive investment opportunities
  • Know the sponsor
  • A deal that I can see
  • Focus on Cash Flow

[23:54 – 36:13] Closing Segment

• Quick break for our sponsors
• What is the best investment you've ever made other than your education?
  • A Pair of Headphones for Podcasts
  • Web Camera
  • Microphone

• What is the most important lesson that you've learned in business and investing?
  • The higher the projected returns are, the larger the risk
• What Should I spend more money on?
  • Invest on things that improve the quality of your life

• Connect with our guest. See the links below.

Tweetable Quotes:

“For the last 3 to 5 years, I have learned more from podcasts. When I’m anywhere, I can just pop on my headphones and listen to anything.” - James Eng

“To me, in the next year, a webcam and microphone are gonna be key components to improving your business.” - James Eng

Resources Mentioned:

• Old Capital
• GE Capital Real Estate
• The Most Important Thing - Howard Marks

Connect with James on LinkedIn. Visit https://oldcapitallending.com/. Be sure to check out James’ YouTube Podcast here.

Guest Email:  [email protected] 

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