Jason Hartman talks with Rich Dad Advisor and multifamily property investor Ken McElroy about his recent sale of $300 million worth of property, as well as supply levels of multifamily properties, why Ken is still bullish on real estate and the future of interest rates.
[1:38] Why did Ken choose this time to sell his properties and how did he do it?
[5:57] Cap Rate fails to take appreciation into account
[7:53] Is there an oversupply of multifamily that’s causing rents to not grow as quickly?
[11:59] What Ken has learned about his facilities for the 55+ community
[13:47] Why Ken is still bullish on real estate
[17:30] Capital always looks for safety in the US
[21:13] The impact things like ride sharing and autonomous cars are having (and will have) on real estate
[23:56] Ken’s take on the future of interest rates