Beyond IRR
Beyond IRR is a real estate investing podcast focused on what actually drives performance — not just the headline returns.
Hosted by the team behind BHPA, this show breaks down the metrics, structures, and assumptions behind real estate deals. Each episode goes deeper into topics like IRR, cash flow durability, leverage risk, volatility, capital structure, and exit sensitivity — helping investors think more critically about how returns are generated.
If you want to move beyond surface-level analysis and understand the mechanics behind the numbers, this podcast is for you.
Beyond IRR
Latest Episodes
The Supply Constraint Is Now: What Tariffs, Construction Costs, and a Contracting Pipeline Mean for Your Portfolio
The multifamily pipeline is contracting. Starts have dropped. Construction costs have moved sharply higher. And tariffs on steel, lumber, and imported building materials are adding cost pressure that most developers did not underwrite for — and...
Expense Ratio Drift: The Silent NOI Killer Most Operators Don't See Coming 2
Operating expenses are up. Most operators know this. What most operators don't know is exactly how much their expense growth is outpacing their revenue — and what that gap is costing them in NOI, asset value, and refinance proceeds. That gap is...
Yield on Equity: The Metric Nobody Tracks (But Should)
Cash-on-Cash Return may tell you how a deal performed when you bought it — but Yield on Equity tells you how your capital is performing today.In this episode of Beyond IRR, we examine why many real estate investors unknowingly a...
Break-Even Occupancy: The Number That Tells You How Far You Can Fall
Most real estate investors track occupancy. Very few track the number that actually matters: the occupancy rate at which their property stops covering its costs. That number — break-even occupancy — is one of the clearest indicators of whether ...
Refi-Ready: How to Prepare Your Property and Financials Before You Go to a Lender
Getting refinanced in today's environment is not difficult if you are prepared. It is nearly impossible if you are not. The operators closing permanent loans right now started preparing twelve months before their bridge maturity — and the ...