All Forum Posts by: Brian Thomason

I have come across many great content creators / Real Estate entrepreneurs. Many of them offer a course.
Many people here on BP seem to have taken a course or two (or three) and I would love to hear which you felt was the best value for the price.

These are some of the people I have come across that offer a course and seem to be successful.
Brent Daniels
Steve Trang
Jerry Norton
Chandler David Smith
Joe McCall
Matt Theriault
Jamil Damji
Pace Morby
Mitch Stephen

If anyone has taken a course from any of the above, it would be great to hear your feedback / review of the course and how much it cost.

0 Votes

Originally posted by @Carlos Ptriawan:

@Brian Thomason : for market cap rate, there's excellent market research for both SFR market and Multifamily/apartment.

Awesome! Do you have a link to any of these resources with the market research? It would be much appreciated.

0 Votes

Originally posted by @Carlos Ptriawan:

I bought all my rentals from multiple sources: MLS Software , Roofstock, Turnkey Company,Real Estate Agent, wholesaler. They're all good sources with plus and minues.

But before I buy, I already know what's the cap rate and expense/capex,risk that I face so I plan this accordingly. You need to have a plan and do cost simulation and work with the same lender that will benefit you.

Where can you get the data on the cap rate and expenses / cap-ex risk?

Is this all just something you learn over time or is there a database or accurate source for this info?

0 Votes

What would you do?

Life savings of around 300k.

You're currently living in Vancouver B.C. (A very expensive area, similar to New York, San Francisco or Los Angeles).

You are renting out a basement suite and tired of throwing away money.

The last hurdle is your wife is in the process of receiving Canadian Citizenship so we cannot move to the U.S. for another year or two.

The goal is to build equity and ideally some passive income.

How would you utilize the life savings to get the best ROI?

Thanks in advance for any tips or suggestions.

Also, happy new year to everyone (as I write this on December 31, 2020).

0 Votes

Originally posted by @Mark Hayden:

Not working for me either. I spent a bunch of time adding everything in, and the "Finish Analysis" button will not illuminate. It stays grayed out so that the results cannot be displayed.

Same issue for me as well. I cannot "Finish Analysis" either. Has anyone figured this out?

1 Vote

@Timothy Lewman based on that PDF you shared, it looks like demand and prices are at an all time high. Considering the ebb and flow of things, would you assume that there is a drop coming soon? It makes zero sense to me that so many people are losing their source of income and jobs are decresing, yet the price and demand for homes is at an all time high. Wouldn't you assume that things will balance out a bit and drop in the near future?

I'm curious to hear your thoughts as a flipper / rehabber.

0 Votes

@Jay Berube that's a great checklist! When you say "The building permits that have been pulled" can you please elaborate a little bit on that? I am new to the RE industry and still learning. Do you mean permits that are required for that area or on a specific home that you are interested in?

0 Votes

Originally posted by @Lesley Resnick:

We are not in a RE crisis. This is a health crisis causing an employment crisis. Fix the health crisis and we can get back to paying off this absurdly large debt.

I hate to sound morbid, but all the doom and gloomers out there will like this....

The death toll is highest among the elderly. Many of them have large holdings that are not as productive as they could be. The general wisdom is that as you age, you take on more conservative investment strategy. Many of the "Greatest Generation & Boomers", own their houses outright and are currently occupied by a one person, or by no one, since they are in a care facility. The crisis will accelerate their passing as a cohort group, their properties will pass on to their heirs and in many cases be liquidated. This will open up a stock of housing that has been off the market for 30+ years. By definition, increasing the supply will lower the cost.

Lastly we are in for huge changes to everything in our lives. No one knows or can predict where this is going. All I can say is that in 10 years we will look back and say this is the point at which it all changed.

I definitely fear the next 10 years. The huge amounts of helicopter money will likely cause rapid and massive inflation as well as higher taxes so the government can make an attempt to pay back the debt. On top of all that, I fear the results of the Orwellian like future we are rushing towards. Perhaps I am a bit too pessimistic, but I have an infant at home and I am attempting to buy my first home during all this insanity. I just hope I am wrong and everything turns out to be sunshine and rainbows.

6 Votes

Originally posted by @Tim Hendricks:

Not sure if this applies to Federally backed mortgages but I was recently in court to evict a tenant on my lease option contract. The judge said that he could not evict just because of late payments until after December 31. However if there were other violations of the contract, then he could find judgment for the plaintiff and have the tenant removed. So I let the judge know that the tenant had violated the contract in not keeping the house up to codes. We had received a letter from codes about the violation. So he immediately passed judgment in favor of the plaintiff, and the tenant was given 10 days to move out.

What can you do if the tenant is angry and destroys your property right before moving out?

0 Votes

All Forum Posts by: Brian Thomason

Brian Thomason has started 4 posts and replied 13 times.

Post: Info on setting up company structure - Books, YouTube Channels?

Post: RE Courses - Jamil Damji, Steve Trang, Jerry Norton, etc.

Post: Best methods to acquire first investment property ?

Post: Best methods to acquire first investment property ?

Post: Advice for a new investor

Post: New calculator not working for me

Post: Foreclosures increase? How?

Post: Choosing between two different markets?

Post: Foreclosures increase? How?

Post: Foreclosures increase? How?