162: The Evolution of Real Estate Investing: A Conversation with James Eng

Passive Investing from Left Field

Join us on this exciting episode of the Passive Investing from Leftfield podcast as we dive deep into the world of multifamily investing with James Eng, the professor of Multifamily Financing. Discover the latest trends, strategies, and insights into the future of real estate investment. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information to help you navigate the ever-evolving real estate market. Don't miss out on expert advice and strategies for building wealth through smart investing. Tune in now!

About James Eng

• James Eng has over 18 years of experience in commercial real estate lending, starting his career as an underwriter at GE Capital Real Estate prior to joining Old Capital in 2015 where he is currently the National Director.
  He has worked with hundreds of investors to help them acquire over $1.5BN in multifamily properties totaling over 20,000 units nationwide. In addition to financing multifamily, he has invested in over 10,000 units as a limited partner in nearly 40 properties in Texas.
  James combines his finance, risk, and investor background to find the best loan for clients and to be an indispensable advisor throughout the life cycle of a deal. Often called “The Professor” of Multifamily Financing, he has produced hundreds of hours of educational multifamily content on YouTube.
  He received his finance degree from the University of Texas at Austin and resides in Dallas-Fort Worth with his wife and three boys.
  

Here are some power takeaways from today’s conversation:

2:11 His real estate journey

6:27 Investing in one market

8:07 Multifamily financing today

15:00 Should you refi in 2024?

17:31 How interest rates will affect the rate caps

21:05 Deal advice for LPs

27:38 Tax implications of early sale on LPs' depreciation
29:01 Q&A: preferred equity?

33:36 Q&A: distressed sellers in 2024

35:16 Will lenders be in trouble in 2024?

40:25 Outlook for LPs with recent floating rate debt investments

43:08 Will new apartments accelerate distressed deals in 2024?

44:52 Strategies to protect yourself against decreased cashflow in a market when you depend on it for income

48:20 Q&A: what he would have done differently in insight with distressed deals

52:22 Podcast recommendation

53:49 Contact James

54:35 Thanks for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

LinkedIn
https://www.linkedin.com/in/jameseng
YouTube
https://www.youtube.com/channel/UC4NRATcTMmkodJ_CEP9MRWQ

Podcast Recommendations:

The Woj Pod: https://podcasts.apple.com/us/podcast/nuggets-coach-michael-malone/id1470466331?i=1000600562916
The Rebel Capitalist Show: https://podcasts.apple.com/mt/podcast/the-rebel-capitalist-show/id1492584441
Ken McElroy Real Estate Strategies: https://podcasts.apple.com/us/podcast/ken-mcelroy-real-estate-strategies/id1465180254

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Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/

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