2026’s “Discounted” Properties Aren’t the Bargain They Look Like

James: Deals are often evaluated on what they could make, but sometimes it’s more important to question on what they could cost you and is the juice worth the squeeze? Today, Kathy and I are opening up our portfolio and we’re talking about the deals that we’re doing today and the ones that we’re letting go and passing on. I’m James Dainard. I’m stepping in the host seat for day today with my good friend Kathy Fettke, and this is Beyond the Market Podcast. All right, Kathy, so I want to know most importantly, what deal have you passed on recently and why’d you pass on it? Because there’s so many opportunities getting thrown people’s way right now. Kathy: Yeah. I mean, we all know that multifamily is an opportunity right now. We’re seeing massive discounts, we’re seeing foreclosures. The banks are done extending and pretending. So many of these loans now are in default. It’s headline news everywhere. So one would think that there would be just a ton of multifamily deals out there if they’re down 20, 30, 40% from what they were. The problem is they’re just where they should be. And even if you’re getting a 20, 30% discount, you might not be getting a deal. And that’s what’s confusing ...