Before you wire money into a syndication — whether it's with me or another operator — you need to hear this.

In this episode, I walk through the real conversation most sponsors don't slow down enough to have. Multifamily investing is not a savings account. It's not a money market fund. It's an operating business. And businesses have seasons.

There will be smooth years. There may be tight years. Insurance moves. Taxes move. Rent growth stalls. Market cycles shift. That doesn't mean a deal is broken — but it does mean you need to understand what you're stepping into before you send capital.

I talk about:

• Why you're not just investing in a building — you're investing in the operator

• The uncomfortable questions every LP should ask before wiring

• Break-even occupancy and why it matters

• Reserves, illiquidity, and what "long-term" really means

• The difference between professional LPs and new investors

• Why alignment matters more than projected IRR

If you're considering investing $50K, $100K, or more into a syndication, this episode is for you.

No hype. No guarantees. Just real talk about risk, responsibility, and long-term wealth building in multifamily.

Lately, I keep hearing the same take everywhere: multifamily is dead. Rents aren't growing, deals aren't penciling, and capital feels frozen. I understand why people feel that way — but that conclusion misses what's really happening.

Multifamily isn't dead. We're in a market correction.

In this episode, I break down what has actually changed in today's market and why this cycle feels so uncomfortable, especially for owner-operators. We talk about flat and declining rents, higher expenses, cautious investor capital, and why money flowing into high-yield savings accounts and money market funds has raised the bar for real estate investing.

I also get honest about raising capital right now, why easy money disappearing exposed weak underwriting, and why this environment forces operators to actually operate. This is a market where discipline, conservative assumptions, strong reserves, and real systems matter more than ever.

This episode isn't about fear or hype. It's about understanding market cycles, adapting to today's math, and deciding whether you're built to operate in a tougher, less forgiving environment.

If multifamily feels harder than it used to — you're not wrong. But that doesn't mean it's broken. It just means the game has changed.

There's a myth floating around real estate that you can buy a multifamily property with just 20% down. It's not totally wrong — but it's dangerously incomplete.

In this episode, I break down what it actually takes to close on a multifamily apartment building in today's market. We walk through real numbers, real scenarios, and the capital most people forget to account for: closing costs, CapEx, operating reserves, debt service requirements, and why stabilized loans almost never work at 20% down.

I also talk candidly about the current market cycle, flat rents, cautious investor capital, and why the math that worked in 2020–2021 doesn't work the same way in 2026. This isn't meant to scare you away from multifamily — it's meant to reset expectations so you don't blow yourself up early.

If you're serious about buying apartment buildings, raising capital, or underwriting deals realistically, this episode will give you a much clearer picture of what keeps a deal alive long term.

If this helped you, share it with someone who still thinks 20% down is the whole story.