All Forum Posts by: Adam Roberts

@John Lard - if the above doesn't work out for some reason, I too have a good reference. Message if you'd like a contact.

Adam

Team - a question pops up as I'm marketing, learning my farm area, and in general driving for dollars every time I get in the car..... First, I notice the obvious - in general neighborhoods take on the look and feel of their socio-economic and demographic constituency. In addition, I notice that in a lot of distressed neighborhoods, there lacks a good trend in re-sale or comps in general over a 3 to 6 month period (in a greater zip code that has just under 2 months of inventory).

Two questions come to mind -

1 - At what point does the re-gentrification of a neighborhood start (what investor(s) take the first "dive"?)

2 - While the individual "deals" in the neighborhood look great, overall the re-sale data of the 'hood suggest otherwise, am I correct in saying these aren't really good deals then?

Finally, any good stories on neighborhood re-gen? I know some folks have been doing some of this in the Austin/Houston area of Texas.

Thanks,

Adam

You bet - are you interested in investing from afar? (Florida) Or are you currently located in TX

no prob @Zach Schaar . Definitely check with your title co. I haven't had any issues but it's better safe than sorry.

@Victoria Green multi family investing is pretty good in Texas... although prices are very competitive right now and you're dealing with mostly cash buyers. We got into a quad a few months back in a good deal after meeting/building relationship with the seller. Doing it over again I'd probably get into some better marketing (letters, postcards) to absentee owners to find more deals.