General Chat about Market, Current happenings etc.,

[Vijaianand Thirunageswaram]

Howdy Houston BP Investors,

It's been a while... Happy Friday!!  I know summer is getting heated up and almost ready for schools. 

I don't see a lot going in Houston Forum so want to spice it up by touching base and see we share whats' going on.

From my end, I see the Houston and market around it has been kinda of stagnant both sale and rental. As per the inventory, it's getting close to 4 months which is like showing way to recession number of 6 month inventory.  I have few of my flip properties in the market for few months without much luck. They are in good areas but still due to sales price being high on $250k range, they been sitting.. 

I continue to do some wholesaling and rentals but flips kinda of slowed down due to too much competition in market with more inventory. 

What are all others doing? How are you all working it out your deals?  Let's share and guide as usual. 

Vijai

[Dave Chapa]

@Vijaianand Thirunageswaram This year we joined one passive deal, 202 unit apartment.

Spent a lot of time looking at deals (Partner and solo), mainly MF. None of the numbers worked. We even looked at SFH and passed on several.

@Tony Castronovo We are in the same boat, as you know from our many conversations. However, we had another life change (opportunity) that will put RE on hold, expect for one property we will buy. So, for now we are on hold for the next 3 years.  Than we will be in a better position to focus on larger MF. I'll call you.

@Mike Krieg Yes, cautious is the key. Moving forward we are paying off debt and trying to maintain a 10%+ liquidity.

We can't predict a recession however, we can control what we have. So, sale under performing assets, pay off debt (reduce your debt ratio), this will increase your staying power, IF something happens. And, be ready to jump on opportunities.

There is a healthy balance between risk and opportunity.