All Forum Posts by: Brian Geiger

Everyone, 

Thank you for taking the time to respond to this post. I know these are unprecedented times and I hope all is safe and well. 

@Gideon Blustein

I am looking for properties that can give me an annual yield of at least 6%. Appreciation is a bonus but not required. What is the average yield you are seeing in around the Joliet? Please PM because I would love to connect with you regarding the happenings in the city. Thanks for your response.

@Mitch Vejvoda

I agree with you. The cashflow can be better than the surrounding markets. However I am open to looking into those other markets as well. Appreciation is just a bonus. Right now I am investing for cash flow. I'm open to small multifamily as well. Thanks for your input. Let me know if I can be any assistance to you. I'll be happy to help. 

@Zach Gring

Thank you for the recommendation. 

@Jamie K.

I saw your connection request. I just accepted it and will be messaging you regarding this rentals in Joliet. How did you find your first deal?

@Garrett Tierney

Thank you for your feedback. I am currently using Realtor.com for deals. I will definitely look at the crime filter. Ive been using City Data for that information. What is the average yield you are seeing in Joliet?

Hello Everyone, 

I am an investor looking to learn more about the Joliet Rental Market. Happy to speak to anyone about this.

@Nick Gerli

Phoenix is definitely a VERY hot market. Properties are flying off the MLS like crazy.

@Jason Ma

Congrats and thanks for the motivation

I definitely agree with Michael on this one

The Philippines virtual assistant website is a great resource.

Timothy Church nailed it. I definitely would prefer SFH over Condos

@Stan Wu

Nice explanations and diagrams in your post.

My advice is to look at the net migration and where the home builders are in a market. Once you figured that out, you want to focus on employer diversity and supply/demand. 

@Jerry Cinor,

It varies per market in regards to a crash. I wouldn't expect anything too soon because the Feds are keeping interest rates low and unlike 2008, more people are getting fixed rate debt than adjustable debt. If the feds raise interest rates, the housing market will tank and the feds know that, that's why they are going to keep interest rates low in the years to come.

Another thing that is different today than 2008 is the rapid response of forbearances that banks are issuing out to homeowners. Forbearances are so easy to get now and its allowing the homeowner to stay in their homes much longer. Now forebearance does not mean forgiveness. It means pay later.

Also most of the people who were deeply effected by this pandemic were already renters in the first place. You have some homeowners that were affected but more people who work blue collar jobs were affected more than white collar jobs.

Lastly, in most markets, there are so much demand and not enough inventory and because of this, i can see bidding wars happening in most markets at least through the early part of next year. That's not to say that you can't find deals. Deals can be found regardless of the market for the savvy investor.