All Forum Posts by: Cliff C.

@Krystle Khoo great question! Following...

PS I find tremendous value from BP Insights. I’m a data geek and the reports are insightful, current, and data-driven.

 Hi Lisa, 

We recently did some rearranging on the site. What was called BPInsights now exists as the Rent Estimator and Pro Exclusive articles. The Rent Estimator can be found here or by going through the top nav to Tools > Rent Estimator. Pro articles (also known as Expert Analysis) can be found here or by going through the top nav to Education > Read > Expert Analysis. We used to have "Data Downloads" as part of BPInsights; those downloads are now embedded within their relevant Pro articles – these are available to Pro and Premium members.

I hope this helps! 

I live and invest here. Like others have said, it’s all about the area. We have some super rough areas of town and some that are wonderful. Population is moving out but I believe it’s in the rougher areas and the better areas are booming. Pay very close attention to crime maps, those will help you pick the right areas. I’ve got 5 rentals here and all are excellent cash flow. 

@Cliff C.

I know of several STR opportunities in the Nashville area. Specifically allowing NOO STRs. Let me know if you are interested.....and get ready to spend some money.

It is for all the reasons listed above that I don't really buy long-term rentals anymore. I buy short-term rentals and I have doubled down on construction and development until the Market cycle changes. The getting is good in development so I figured might as well make hay while the sun shines. Got my GC license for builds.

to be fair, there are markets that cash flow around the country. They are in rural areas and such. Friend of mine in Arkansas is buying rentals at the same price the seller paid 30 years ago. Zero appreciation! 

This probably isn't the answer you want, but the short answer is: You don't. 

In the small multifamily space, you can contact owners directly with some success. However, in the large multifamily space, say 150+ unit properties, you're probably wasting your time. The brokers in any particular market have spent years, if not decades, building relationships with these owners. Even if you do get in touch with an owner and submit an offer, they'll likely run that offer by a few brokers, to get a pulse on the market. At a minimum, they'll run it by the broker that sold them the deal (this is customary). And all of these brokers are highly motivated to convince that owner to not accept your offer. 

That said, you can still get off-market deals. You just need to shift your focus from owners to brokers. It'll take months and years to build relationships with the brokers in a given market, but you'll see a much greater return on your time going this route. 

We compete for a quite a few marketed properties. We spend a lot of time in best and finals. Yet everything we've acquired since November 2019 has been from off-market leads, through brokers. 

What sale lol? Here is the M1 money supply chart.  That sale should be in like what a decade after this increase in the money supply?