MikeJefferson
6.4K posts

MikeJefferson
@programflaw348
Just here for the good vibes & moderate mischief. 🌟 A dash of trolling with a pinch of seriousness. 🚫 No room for ignorance.
Katılım Kasım 2022
41 Takip Edilen57 Takipçiler
MikeJefferson retweetledi

"Gotta bounce, bro. Got some raping planned for tonight."
NO CONTEXT HUMANS@HumansNoContext
Your thoughts on this?
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In Dallas alone, there are nearly 1,000 multifamily deals where 100% of net income is not even covering the mortgage.
Not a thousand units. A thousand deals.
These are on lender watch lists right now. This is public information.
Single family investors need to understand what that number actually means.
A 1.0 debt service coverage ratio in single family sounds like breaking even. In multifamily it is not. Operations, capital expenses, and maintenance all come before debt service. A 1.0 DSCR in multifamily means losing money every single month.
And here is what is driving it.
Insurance up. Property taxes up. Utilities up. Labor up. Component costs up. Rates up.
Rents flat.
Every cost that could go up went up. The one thing that needed to go up to make the math work stayed flat.
Now stressed multifamily operators are spilling over and competing directly with single family rental investors. Severe concessions on Class A properties in multiple markets.
This is not a surprise. The warning signs have been there for years.
Here we are.
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@Raindropsmedia1 That boy going to be in serious trouble. That's like attacking a federal agent 😭😂
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@hayasaka_aryan add a trans character for no reason To😂😂😂
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