All Forum Posts by: Uwe G.

Hi @Dan Stephens,

I am local to Vancouver and work within Property Management.  We focus on managing single family homes and smaller apartment complexes throughout all of Clark County.  I love meeting up and sharing ideas with folks.  I am an investor myself and don't mind sharing with you my personal strategy.  Private message me if you are interested in meeting up for coffee, etc...

Hi @Scott Bowles were you able to get the information you needed?

Hi @Scott Bowles.  Yes, there are differences in crime.  Take a look at this link and note it only covers the City of Vancouver:  

https://www.cityofvancouver.us/police/page/crime-map

If you want to chat over the phone, please PM me and I will give you my direct mobile to talk in depth more.

Uwe

Hi @Scott Bowles, Vancouver is a great market!  To make sure I answer the question the best way I am curious on what size of properties?  4 Unit and less or small aparments complexes, etc...  Also, what cap rate are you targeting?  Like any other market you will find higher cap rates in areas that appear to be less desirable.  Overall I feel all areas are decent but I would stay away from areas that are building a ton of new apartment complexes.  If you are looking for 1-4 unit complexes, I would stay away from areas where everything in the area is 1-4 unit buildings.  I hope this makes sense or you can gleam value from it.  Feel free to ask me any additional pointed questions.

@Jay Hinrichs I agree with off market as well....probably the best deals if you can work to get them.  

I agree with @Jay Hinrichs regarding Rarebird.  Definitely an excellent group of like minded folks and ran by top notch individuals that are passionate on the education front and giving back.  

I also agree with attending the auctions.  There are about 4 different parties that take up almost all of the action.  Between Rod Nylund, Gary Coleman, Steve Romig, and Jeremy Romig...they buy pretty much buy everything.  Rod and Gary have been doing it for years and are serious pros in that department.  If you want get educated reach out to Steve or Jeremy as they run investor groups that help buy on the courthouse steps.  Great way to pick up flips.  

But if you are pretty diligent on seeing what is coming on the RMLS I am also finding better deals (in better locations) on there from time to time with the comfort of locking down a property in contract and being able to due ample due diligence.

Looking forward to meeting up with folks in Vancouver and making new friends.

Hi @Joe Tran, Thursday's at 7:30 PM works for me.  Even earlier like 6:00 PM would work or be preferred.  I like the west side of town and love Smokin' Oak...it is a great spot.  I will send you my email so you can send me a reoccuring calendar invite.

@Kent Nielson What's new?  I would be very interested in the meetup as well.  As @Tim Santeford suggests....a casual group over beers durin the week would be awesome.  

A lot of interesting points on this discussion.  Regarding a recession, who knows, but follow the areas/sectors in the bond markets where people/companies stop making their payments.  Residential housing appears safe to me if we are talking single family homes in markets with a decent tax structure and a compelling reason to live in the location.  I don't see the single family home markets tanking like in 2008.  I don't see Healthcare crashing like @George W. states.  I feel the need for healthcare will continue to see increased demand and I believe our demographics show this hasn't peaked yet.  Yes, there are issues in the healthcare system but I don't see a recession being caused by them.  A lot of companies on the other hand appear overleveraged, so the risks remain to be seen if they can delever their balance sheets and refinance their debt before rates go up.  If they can't then a lot of bankruptcies will follow when a lot of corporate debt defaults and then rates will really go up.  For those that do prepare will have the ability to pick up stocks and bonds super cheap, and commercial real estate (including those luxury apartments) as well.  I don't think much will happen to (single family housing stock) residential real estate in comparison.  I am sure it will go down a little but nothing like 2008. 

I would be interested as well if this is still going on