Reducing Risk in Multifamily With David Priest

Welcome to the On The Rise Podcast! In this episode, Jeremy Dyer sits down with David Priest, a veteran real estate professional who has closed over half a billion dollars in mortgages and now focuses almost exclusively on capital raising and passive investing in multifamily syndications. David shares how transitioning from single family and mortgages into multifamily required a complete mindset reset—and why many investors underestimate the learning curve. The conversation centers on risk reduction, conservative underwriting, and how experienced operators think differently about returns. David also explains why humility, fixed-rate debt, and immediate cash flow matter more than chasing outsized projections. This episode is essential listening for investors who want to protect capital while positioning themselves for long-term growth.


YOUTUBE CHAPTERS

00:00 – Introduction
01:09 – David’s Background
03:37 – Entering Multifamily Syndications
04:28 – Risk Reduction Philosophy
06:10 – Sponsor Experience Matters
08:12 – Fixed Rate Debt and Cash Flow
10:13 – Vertical Integration Explained
13:39 – Tax Benefits vs Deal Quality
15:10 – Conservative Underwriting Assumptions
17:52 – Market Selection Criteria
20:35 – Where We Are in the Cycle
26:32 – How to Connect with David