All Forum Posts by: Aseel Yerunkar

@Jay Hinrichs I'd be interested to see what your take is on what @Marisa R. regarding upcoming election.

@Jim Goebel Yang Gang!!

@Nancy Mascorro Really depends on who your target clients are and what they are looking for. Are you targeting investors? Traditional owner occupant home buyers? Older couples? The best deals are not the same for all buyers. For example, as younger investor I would be looking for a home in the OC that I can potentially house hack. This would have to be a home with 3+ beds and 2.5+ baths preferably with a dwelling unit, near an area with a younger demographic (colleges, downtowns, etc.) and where the rent on each room rented out individually would cover a good portion of my mortgage . But for a family of four looking to settle down this would be vastly different. Hope that helps.

@Garret Dorsey Just started listening to some of her stuff. What a goldmine. This is why I love this community. Thanks! Also, noticed you're a wholesaler in Indy. Would be interested to see what you're doing, pm me if possible :)

@Edward Dawson I think it is definitely a good indicator of investor outlook. Many believe that the inverted yield curve is one of the best indicators for a downturn in the next 2-3 years. That being said, you do have to look more carefully in this case. Historically the yield curve inversion hasn't ALWAYS been followed with a recession. The initial inversion was caused due to the fed announcing its plan to raise interest rates, which many investors feared would cause a downturn. Now the fed seems to be backing off on that to some degree. So the answer in my opinion is it really depends, there is most definitely uncertainty in the air. So I feel that it always helps to have a conservative outcome of the future so you make wise decisions today. Being wise with appreciation estimates, putting emphasis on a stable rental income, and assessing all around investment analysis risk with the uncertain future in mind doesn't hurt. But I could be completely wrong, it's my first year in the real estate game so who am I to talk :)

@Adam Higginbotham As a fellow investor that's fairly new to the game I definitely feel your pain! You're correct in thinking that deals are not just laying around waiting to be picked up. I've noticed it really is a numbers game. 95% of deals you will look at will be garbage. But as someone else said patience is definitely the key. You're not looking for those 95% you want the 5% even if it takes a bit more time and work. You can definitely get creative with your search for better results (Foreclosures, direct mail, door knocking, etc.). 

When it comes to wholesalers -- I've found that if a property that I find from a wholesaler is appealing, I always cross reference the ARV and actual rehab needed with 3 separate realtors to confirm if what the wholesaler claims is true or not. I have analyzed countless deals in the last 2 months of my search and only now have I found one that seems to be suitable. The more you network with realtors the more you will find that some of these realtors have off market properties and deals better than a lot of wholesalers. As a newer investor you WILL have to work harder to find these since you do not already have relationships that will give you a nice deal funnel. But as time goes on those will be built and things will get a bit easier as you gain more experience and time in the game.

@Ned Carey Makes sense to me. Seems like that's the way many others are going too. Do you see yourself having more success in certain rental markets compared to others?

@Jay Hinrichs That's a useful perspective! Seems like lately retail owner-occupant buyers are very keen on buying newer properties. All newer development in my area are getting booked up months before construction even begins.

@Ned Carey I agree with your sentiment as well. Looks like the phrasing of my statement might have been a bit confusing. I meant to ask what area's and strategies are you seeing success and potential in today considering that today's is comparatively different from what we had a couple years ago?

@Jay Chang For got to tag ya in my last comment!

I definitely don't think anything big is happening soon but cycles are imminent and major of the big firms are expecting some sort of downturn by the end of 2021 (but you are correct, no one has a crystal ball). You also have to admit deals aren't as abundant as they were a couple years ago. Where do you currently invest and why?

Hi All,

So I had an idea to start an opinionated discussion of the state of the market as it stands today backed up with some facts that could help people who are starting out as well as help current investors gain a new perspective. The rising tides that were seen during the mid 2010s are long gone and we are nearing the peak of the economic cycle according to many economists. Prices are high and inflated (to a certain degree) in markets that were once recently seen as up-and coming territories. But seeing as we are a community of creative investors our mentality always searches for opportunity where no one else can usually see it. Deals are still out there to be found with the right kind of perspective and strategy. 

So, I wanted to know as it stands today, where are you having success with real estate investing? Where are you anticipating future potential to be in? And why? What strategy are you using to tackle the current market?

Currently, I have chosen Indianapolis as my home base. Price to rent ratios are still favorable, although a lot of "hype" neighborhoods have already gentrified there are still neighborhoods in the midst of a turn. The economy is diverse and composed of many different job sectors making it to a certain degree more "recession proof" than other markets. Commercial development is still on the rise and the city is making a real effort to provide better opportunities to its people through various projects and programs.