All Forum Posts by: Allen Williams

@Tina Lee

Talk to a financial advisor, but usually in that case because of taxes and random life expenses if it were me I would try and get to 12K at least (if I didn't want to do anything anymore). But then may want to think on getting a HELOC on the investment properties and in your new retirement keep growing the portfolio using your equity. But that is just me, everyone is unique and different with their lifestyles and interests

@Naazaneen Boojar

I support all types of customers here in JAX FL and the biggest thing I hear is “I regret not buying, but I never hear I regret buying.” If you have a long time horizon it makes sense to invest it and build long term wealth. With that time horizon you are able to stomach up and down markets over time. Gives you many options in the future to diversify and gain cash flow. The market here in softening so I’m finding more opps for my investors as that takes place

@Don Konipol

In Jacksonville FL, I work and support mainly STR investors and the company I work with here only charge 18%. And all my customers have been nothing but happy and have easily surpassed LTR profits and less damage/wear and tear to property. The beaches or Multifamily units make a lot of sense in my market

@Susan O.

Jacksonville FL, we have a diversified economy, median age of 36, growing population and job market, and are the biggest city land mass wise in America! I've been investing here for a while and so have my investors and I will continue to do so as there are great prospects for LTR, STR, and BRRR models

@Greg R.

All great points, main thing is high rates is relative, historically not that high. Compared to recent years yes but also rents are going up, so lot of people still looking to buy to get out of that situation. Also, basic economics, where are the houses? Supply is nothing. All great points but won’t change until supply starts changing. Also, courts have been backed up, at this point it’s just normalizing which isn’t a shocker on foreclosures.

@Joe S.

I have. Cracked vent pipe like that picture showed would make it smell from the old cast iron leaking gases. May need that replaced. Or if the P-trap isn’t working the way needs to could give off sewer smell. I would scope the lines to check it out and then have the plumber do a smoke bomb test where they can detect where the smell is coming from, that way to get to the problem and fix for you. I hope this helps!

@Nick Coons

Things to remember,

1. Real estate market moves slow, you have time to react compared to say the stock market, comps are there for 6 months

2. Rates still historically low

3. Over the past 12 years or so, ever since 2008, it’s been something we have never seen before, limited building. The average per year new construction before 2008 was closer to 1.6 mill units/year. Over the past 10-12 years it has been roughly 950K. So basic economics has created a massive shortage and that will take time to fix itself. (There was an article on this somewhere I believe)

4. Millennials are interested in purchasing homes, anything that comes on market is quick to get snatched up.

Those are the catalysts of simply why not to overly worry, focus on the long term/build your wealth/buy right in today’s terms and adjust your strategy with the changing market. When you do that like the pros you will be a boss!! Good luck!

@Canesha Edwards

People love the doom and gloom. When I was in financial advising for 7 years during a bull market run I heard all the same things. But technology and innovation along with our consumerism economy has pushed stocks to record highs and as companies keep increasing their revenue and profit margins much of that is justified. In real estate the low interest rates have been a huge help absolutely. But got to look at the catalysts for real estate as well other than low interest rates. There still is a shortage in affordable housing, as inflation heats up real estate is more attractive because borrowers win compared to lenders in that environment and it’s an inflation hedge, and with all the equity build up over the years many people have tapped into that in order to buy more real estate keeping the demand high (the younger crowd especially is losing faith in programs such as social security and no pensions anymore so real estate has become even more attractive from that standpoint also). As a realtor here in JAX I see it all the time. It is fun to see people build their wealth and be a part of that. But those are the arguments against a 2008 event. But I personally feel things will or at least should go down or at least plateau. It does go market by market as well but that is the experience I am seeing not only in FL but in much of the South. But also remember you can make money in any market dependent on your strategy of course and if you are a long term hold guy and the property is cash flowing today with some buffer, then why think short term? Hope this helps!

@Corbett Brasington

You honestly may not need one. The biggest thing is connections and trying to get you the best deal. For myself, I negotiate things down pretty far or else I cut or don’t take my commission and help my customer out. A lot of things to think about that good agents should be doing for you just in regards to checking open or suspended permits, liens/rolling fines, is the property condemned, any outstanding issues that could be adverse to you. And if there is something you need someone who knows all the right people at the city to help makes things smooth such as an abatement process or whatever pops up from left field. So I would say either you need an agent who is a better negotiator than you and justifies their cost or if you value a professional opinion who can double check you. Other than that you may not need anyone, keep crushing it!!

@Amey Phatale

It is all market dependent but as a whole you still need to look at some of the current positive catalysts. First, there is still a shortage of affordable housing. Second, interest rates still very low. Next is inflation is picking up and people purchase REITS/physical real estate as an inflation hedge. And for some markets, like I am in Jacksonville FL, this market has had a lot of momentum but continues to because of the amount of people moving here still because of COVID. So the demand is here and the supply is very limited. Those simple economics show a market that still is trending the right way. I believe in a year or two things will start evening out but no major signs of crashing at least here. Also, I had talked to multiple hedge funds who survived 2008 and mentioned similar points. But you never know of course but can only follow the trends and the real data. I never looked at Zillow as reliable with their estimates and this event has shown their lack of competence. But I would also ask yourself if you are a long term investor, if you buy a deal right in today’s market then in the long run you are set for success. You can make money in an appreciating, declining, or more stable market. I hope this helps!