If financing got easier tomorrow, would the multifamily deal you’re evaluating actually work?

A better interest rate can improve cash flow. But the property still needs to support realistic insurance costs, maintenance, turnover, management, and reserves.

And projected rent increases only help if the market—and the residents—can support them.

I would like to know and understand: How much of a deal’s success depends on things we can control, and how much depends on things we’re hoping will happen?

That matters when evaluating both a property and a potential partnership. Who handles an unexpected repair? What happens if lease-up takes longer? Can the team fund the plan if refinancing doesn’t go as expected?

For investors actively buying or operating multifamily: What’s your biggest challenge right now—financing, seller pricing, operating costs, raising capital, or finding the right partner?

I’d especially like to hear an adjustment you’ve made that we all could learn from