All Forum Posts by: Ben McMahon

That's insane. Awesome story. Unfortunately there is no massive festivals near me, but short term rentals are fun.

I know where your coming from. Besides the numbers, (which are super important) how heavy is the monkey on your back? You can always talk yourself into holding a property, but my advice would be to stop the bleeding and make money on the next one. You could flip a house and make that money back in 6 months of you are able to free up some mental space. I think it's all about your freedom again. When your weighed down, your creative juices cease and you miss out for however long you are down. My two cents is to dump the monkey and and crush your next 3 deals!!!!

Hey Austin, I'm an investor in front Royal. I can definitely help you. I know the market inside and out, and have all the contacts you need to get going. I also have a pretty cool shared office space you might be interested in. Lots of people here only go into the city occasionally and we have a cool work space to hook them up instead of their basements. Pm me and i can get you going.

Ghulam Rasoul Rezai I'm in the Wild West out here investing in front royal, strasburg and Winchester.

I have a brokerage, and my team and I work in the Winchester and Front Royal markets exclusively. I would say the biggest concern is probably the age of the homes you are looking at. While it's still possible to get that kind of return, the properties at that price point require a lot of maintenance, and eat into your profits pretty quickly. Pm me if you want to chat more. I also have a construction and property management as arms of my company.

I do have a pm company, in three years it's only happened once.

@Vamsee Lella I know some companies.  PM me and I will send you their info

I realize the president doesn't have control, but trump ........... That hair............

@Andrew Michael  I agree with you Andrew, if I was a hard money lender I would be looking for skin in the game.  I disagree that you are either new or a poor investor.  I always use private lenders, and rarely put any of my own money into the pot.  I have yet to let one tank.   I know several other investor friends of mine that are on the same plan, and we are all experienced investors with good track records.

It makes more sense for me to use as much of my lenders capital as possible, so that I can save my own for more deals.  

But if I was a private lender I would probably only do 0% if I already had a relationship with the investor.    Or do what @Account Closed said about partnering with the investor on the backend.  

I dont do hard money because I have yet to find terms that beat my private lenders.  Which is 0% down, no points, on 10% over 12 months.  

Hey all, happy to say my two cents.  Great topic, and one that is always on my mind.

I might challenge one of the original points,  Namely that interest rates aren't going anywhere.  I think a lot depends on the election and whether Trump is in office or not.  Not to go political, but it is a political issue.  What happens if he lets interest rates self correct?

I think a lot also depends on what the stock market is up to.  If people are afraid to put their money in stocks, than real estate is the first place they turn.  We can see that happening right now.

If we are in the game for the long haul, it makes sense to mitigate risk by investing in cashflow properties.  Also makes sense to work in markets the have the upside of appreciation that some of the more rural areas might not have.  Its a lot easier to sleep at night knowing that if the market took a dump, my properties will probably only increase in cashflow regardless of the valuation.  

The questions of Inflation and Deflation seem obvious to me.  Again it comes back to the long game, is your dollar worth more today than 50 years ago?  I don't see that changing.