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Ken McElroy’s Real Estate Edge

For years, real estate investors focused on the usual drivers of returns: rent growth, occupancy, financing costs, and property appreciation. Insurance was often treated as a predictable operating expense—a line item that rarely received much attention during underwriting. That assumption no longer holds true. In 2026, insurance costs have become one of the fastest-growing expenses...

For the last several years, real estate investors, homebuyers, and economists have all focused on one question: when mortgage rates finally come down, will housing demand return? The conventional wisdom has been straightforward. Higher rates reduced affordability, sidelined buyers, and slowed transaction activity. Therefore, lower rates should naturally bring demand back into the market. But...

Real estate investing is often viewed as a numbers game. Investors spend years learning about cap rates, financing structures, market cycles, and underwriting models. But over time, most experienced investors realize that success in real estate depends just as much on psychology as it does on analytics. Markets fluctuate, deals fail, and uncertainty is constant....

In multifamily investing, it’s easy to get lost in numbers. Between cap rates, pro formas, and projections, investors are often presented with more data than clarity. But successful investing doesn’t come from tracking every metric-it comes from focusing on the right ones. In 2026, where margins are tighter and assumptions are being tested, a handful of key metrics determine whether a...

Real estate rewards patience-but it punishes ignorance. The difference between experienced investors and everyone else isn’t just deal selection; it’s the ability to read markets before they turn. In 2026, as supply surges, debt tightens, and migration patterns shift, the ability to spot a failing market early has become one of the most valuable skills in real estate investing. Those who recognize the...

For more than a decade, real estate investors operated in an environment where debt was an advantage. Cheap capital, rising asset values, and easy refinancing made leverage a powerful tool for growth. But that environment has changed. In 2026, debt is no longer a tailwind—it’s the single most important risk factor in real estate investing....

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