Exploring emerging markets and up-and-coming areas is a smart approach that can lead to substantial payoff for real estate investors. Buyers seeking opportunities should keep an eye on developments in areas like Myrtle Beach and Anderson in South Carolina, as these locations could prove advantageous to those ahead of the curve.
Jonathan Kessler navigates the tumultuous world of real estate transactions as sellers struggle to accept the new reality of lower proceeds, and even high-end deals are retraded, all while the market shifts daily and a potential recession looms.
“I think people are more cautious of who they partner with and how they start to acquire deals.”
In this episode, you will be able to:
Uncover current insights on South Carolina’s multifamily market.
Grasp how leverage affects the multifamily market and its players.
Look into the promising potential of Southeast market’s rent growth.
Acknowledge the significance of teaming up with expert syndicators.
Delve into breakthrough opportunities in emerging markets and built-to-rent properties.
Jonathan Kessler is a New England transplant who has lived in South Carolina since 2006. In 2015, he began his CRE career brokering multifamily properties. He currently serves as a shareholder and Director of multifamily for Aline Capital. Prior to CRE, Jonathan lived writing and teaching English all over the world. Some locations include New England, Honolulu Hawaii, Qatar and Costa Rica. His writing has been published numerous times. Jonathan earned his Masters Degree from the University of Massachusetts. He enjoys reading, films and spending time with his family outdoors.
Some key points:
(01:32) Jonathan’s take on the current state of the multifamily market
(06:03) Are sellers adjusting to the new reality?
(08:02) People’s expectations in regards to refinancing are not being met
(18:13) Some people refuse to sell. What is the seller profile of the people holding on
(21:18) We are now about to find out who just timed the market well and who is good at raising money
(24:10) People are moving out of areas with expensive rent. Is the great catch-up over?
(27:29) The COVID-based market movements continue
(29:36) Rent increases and delinquency
(30:52) Where are the interest rates heading within the next 6 to 12 months?
(33:20) How should current buyers approach the market
(37:39) Up and coming markets in the South Carolina area
(42:24) Get in touch with Jonathan Kessler and Aline Capital
🌎Reach out to Jonathan Kessler
Aline Capital https://www.alinecapital.com/
Aline Capital on IG https://www.instagram.com/aline_capital/?hl=en
Aline Capital on Twitter https://twitter.com/alinecapital?lang=en
🌎Reach out to JonathanTwombly
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Make sure to also check some of our previous episodes:
Going From Working In Hospitality To Multifamily Investing & Hotel Conversions With Charlie Rushton
Hotel Conversions To Multi Family Housing With David Peters
🎤 Podcast production EZPZ Podcasting