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Ben Michel

Multifamily Real Estate Investor | 300 Unit Portfolio | Former Multifamily Broker

How I Trained Claude to Underwrite Deals

Jun 26, 2026

How I Trained Claude to Underwrite Deals

I spent half a day training Claude Cowork to fill out my underwriting spreadsheet. Here's exactly how I did it.

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In Defense of the Subdivision

May 29, 2026

In Defense of the Subdivision

These neighborhoods aren't for everyone. But without them, homeownership gets further out of reach.

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Why We Use Interest-Only Debt (and Where It Can Go Wrong)

May 1, 2026

Why We Use Interest-Only Debt (and Where It Can Go Wrong)

I/O debt allows more flexibility today, but requires discipline.

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The Right Way to Underwrite Assumable Debt

Apr 2, 2026

The Right Way to Underwrite Assumable Debt

Here's the exact framework I use to value below-market loans.

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Property Spotlight - Hillcrest Place Apartments

Feb 27, 2026

Property Spotlight - Hillcrest Place Apartments

Inside the Hillcrest Place deal: basis, business plan, and long-term debt.

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Competition for Multifamily Deals is Down - Here's Why

Jan 30, 2026

Competition for Multifamily Deals is Down - Here's Why

Rising rates, deal fatigue, and a return to fundamentals have reshaped the market.

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Why California Can’t Build Enough Housing- and Texas Can

Dec 9, 2025

Why California Can’t Build Enough Housing- and Texas Can

A recent study shows just how much regulations have slowed California’s housing production—and why Texas continues to out build it year after year.

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Construction-to-Perm Debt: The Smarter Way to Finance Rehabs

Sep 19, 2025

Construction-to-Perm Debt: The Smarter Way to Finance Rehabs

My first multifamily deal left every dollar tied up. Here’s what I’d do differently today.

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The Winners and Losers in Multifamily’s Post-Covid Reset

Sep 3, 2025

The Winners and Losers in Multifamily’s Post-Covid Reset

Covid triggered a migration, rates fueled a boom, and now we’re in a reset. We break down the four stages that lead to today's market.

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The Science of a Multifamily Lease-Up

Aug 15, 2025

The Science of a Multifamily Lease-Up

The SkyHill Apartments started 50% vacant. This is the exact strategy we used to bring occupancy back fast.

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Real Estate Growth: Solo or Scale With Investors?

Aug 1, 2025

Real Estate Growth: Solo or Scale With Investors?

Raising capital means more scale—but also more reporting, risk, and responsibility.

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Property Spotlight - SkyHill Apartments

Jul 11, 2025

Property Spotlight - SkyHill Apartments

The full story behind our SkyHill Apartments acquisition and renovation

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The Off-Market Advantage: How to Find Multifamily Deals Before They Hit the Market

Jun 20, 2025

The Off-Market Advantage: How to Find Multifamily Deals Before They Hit the Market

Direct outreach was my bread and butter as a broker—now I use those same skills to find deals as an investor. Here's the complete playbook.

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Why Economy Housing is not Profitable to Build

Jun 6, 2025

Why Economy Housing is not Profitable to Build

Manufacturing economy cars is a profitable business, but building low-end apartments is not. Here's why...

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Walking the Tightrope: How to Build Maximum Safety into a Development Deal

May 22, 2025

Walking the Tightrope: How to Build Maximum Safety into a Development Deal

Apartment development is, by nature, a high-risk industry. Here is how to structure a deal to minimize those risks.

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Rent Growth Solves All Problems

May 9, 2025

Rent Growth Solves All Problems

Why Rent Growth is the Holy Grail of real estate investing

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Tariffs Shake the Markets, But When Will Rates Fall?

Apr 26, 2025

Tariffs Shake the Markets, But When Will Rates Fall?

The S&P has dropped 5% since Trump's tariff announcement, but the Fed is holding firm. Here's why rates aren't falling yet...

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Market Selection: Outlining the Unique Risks of Urban, Suburban, and Rural Multifamily Investing

Apr 11, 2025

Market Selection: Outlining the Unique Risks of Urban, Suburban, and Rural Multifamily Investing

Location doesn't just influence returns—it fundamentally shapes your risk exposure. Learn how to navigate the distinct challenges of urban, suburban, and rural markets.

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Rising Rates & Inflation in the 1980s: What Multifamily Investors Can Learn From History

Mar 28, 2025

Rising Rates & Inflation in the 1980s: What Multifamily Investors Can Learn From History

Inflation and rising interest rates have reshaped real estate investing. What can we learn from the 1980s to navigate today’s challenges?

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Assessing the Risks Across the Most Common Multifamily Investment Strategies

Mar 14, 2025

Assessing the Risks Across the Most Common Multifamily Investment Strategies

Understanding the risks when investing in Ground-Up Development, Value-Add, or Core deals

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Fewer Cranes, Higher Rents? The Ripple Effects of Plummeting Multifamily Starts

Feb 27, 2025

Fewer Cranes, Higher Rents? The Ripple Effects of Plummeting Multifamily Starts

The development pipeline has slowed to a trickle. Here's what might happen next...

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Market Intelligence:  Takeaways from the 2025 NMHC Annual Meeting

Feb 7, 2025

Market Intelligence: Takeaways from the 2025 NMHC Annual Meeting

Key takeaways from the largest annual conference for multifamily investors

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Construction Costs & Interest Rates: The Perfect Storm Hitting Apartment Development

Jan 17, 2025

Construction Costs & Interest Rates: The Perfect Storm Hitting Apartment Development

Today's apartment completions were planned in a different world. Here's why 2025 and 2026 will look very different...

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The Autonomous Taxi Revolution and Its Impact on Real Estate

Jan 3, 2025

The Autonomous Taxi Revolution and Its Impact on Real Estate

The rise of driverless taxis will mean big shifts for multifamily real estate

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Multifamily Market Update - Winter 2024

Dec 13, 2024

Multifamily Market Update - Winter 2024

3 Key Takeaways on today's market from an active multifamily investor

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