Has the next real estate cycle already started? I am sitting down with Ken McElroy of MC Companies today LIVE, to talk about what experienced operators are actually seeing in the market right now. This is packed with real insight from two people who've navigated multiple cycles. Here's what they'll cover: → What the massive wave of maturing low-rate debt means for the market → Why deals from 2020–2022 are now under serious pressure → Where distressed opportunities are forming over the next few years → What passive investors should look for before deploying capital today → How experienced operators are structuring deals right now Property values are already down 30–50% across many markets. The shift isn't coming — it's already here. The real question is: what are experienced investors doing because of it? Reserve your FREE seat now - https://webinar.marcindrozdz.com/next-cycle

Across parts of the market, we’re already seeing: • property values down 30–50% • loans from the 3–4% era resetting into 6–7%+ rates • deals struggling to refinance • lenders quietly extending instead of recognizing losses This isn’t theoretical anymore. It’s happening. But here’s the part most people miss: When markets shift like this…value doesn’t disappear. It moves. And the people closest to what’s actually happening on the ground tend to see it first. On April 2, I’m sitting down with Ken McElroy for a live conversation on what we’re seeing across real deals right now: • where pressure is building • where opportunity may emerge • how experienced operators are thinking through this cycle Before we jump into that… I’m curious: 👉 What are you seeing in your market right now?👉 Are lenders extending, or starting to force action?👉 Are deals still penciling the same way they did 2–3 years ago? If you want to join the conversation live, you can reserve your spot here: https://webinar.marcindrozdz.com/next-cycle April 2 10:00 AM MST / 12:00 PM EST

You refinanced in 2021 at 2.5%. Locked in a payment so low it now feels like a mistake no one bothered to fix. Fast forward to today. Your home is worth more. On paper, you’ve got a few hundred thousand dollars in equity. So naturally, you think: “Maybe I should use some of that.” You go to the bank. And they say: “Sure. At 6.5%.” That’s the moment it clicks. You run the numbers. And realize: Accessing your own money now costs 2–3x more than it did before. So you do what most people are doing. Nothing. You don’t sell. You don’t refinance. You don’t pull equity out. You stay exactly where you are. You’re not stuck because you’re broke. You’re stuck because you’re illiquid. On paper, you’re wealthier than ever. But in reality, you can’t use it without taking a worse deal. So you wait. And when millions of people do the same thing… The economy doesn’t crash. It just slows. Because the economy doesn’t run on net worth. It runs on transactions. When you act: Homes get sold Loans get written Equity gets deployed Businesses get funded People get paid. Jobs get created. When you don’t: All of that pauses. This is why rates actually matter. Not just because they make housing “affordable.” But because they make it make sense again to: Refinance Sell Invest Deploy capital They make you liquid again. And here’s where this gets interesting. The exact same thing is happening with your investments. Capital is still there. But it’s getting stuck: Behind bad financing Behind delayed exits Behind deals that need perfect timing That changes the game. You’re not just picking good deals anymore. You’re deciding how long your capital might be trapped. A deal can look great on paper… But if it depends on transactions happening quickly: It’s more fragile than it looks. The better question now isn’t: “What’s the return?” It’s: “How liquid is this if things stay slow?” Everyone got rich on paper. But paper doesn’t compound. Liquidity does.