The Real Reason Value-Add Is Failing in This Market

Описание: Smart investors aren’t chasing upside anymore — they’re prioritizing predictability, downside protection, and cash flow. In this episode of The Legacy Podcast, I sit down with longtime friend and lender Mike Zlotnik (‪@TempoInvestments‬ ) to break down how experienced operators are navigating today’s real estate market.

Mike and I go deep on what’s actually working right now — why heavy value-add and new construction have burned so many investors, how interest rates reset the entire multifamily landscape, and why capital is flowing toward industrial, open-air retail, and long-term leases instead.

We also talk candidly about investor psychology after the 2020–2022 run, what LPs are demanding today, how to think about risk vs. reward as your portfolio matures, and why staying in your lane matters more than ever in volatile cycles.

This is a conversation for serious investors who want to protect capital, generate real income, and build wealth that lasts through multiple market cycles.

Topics we cover:
Why chasing upside is costing investors money
How interest rates reshaped multifamily, retail, and industrial
The importance of positive cap-rate spreads
What predictable cash flow looks like today
Investor sentiment after the last market peak
Staying focused instead of chasing shiny objects

Connect with Mike:
Website & Podcast: https://bigmikefund.com

Want help building a more predictable real estate portfolio?
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