All Forum Posts by: Chris Koch

@Wes Blackwell... Andrew Yang (think your original post referred to him as Young) recently did a lengthy podcast with Dave Rubin where he discussed UBI in detail. As a libertarian, my gut reaction is no way (for reasons outside of economics... think massive government bureaucracy), but Andrew does a very good job of addressing some of the issues, concerns and potential impacts during said podcast. That all said, if something like UBI does come into effect (for whatever reason)... the impact to our economy will depend on how other social programs are impacted. If, for example, UBI displaces rent assistance and/or food stamps... the overall effect may be negligible as the net increase would be modest of a per person basis. If not, then you would be adding a lot of money to the economy and that money would be spent and cycled through and the impact and potential multiplier effect could potentially be large as we are a consumer consumption-based economy (70 cents of every dollar is consumer spending oriented). The one interesting aspect of a UBI would be this... would it enable mobility and drive people to seek out lower priced markets where they could have a better quality of life and lower cost of living (i.e. would someone leave LA for Detroit) and how would this mobility impact real estate both on a macro and micro basis. We may never know, but interesting thought exercise.

@Diane Tycangco... Denver is very tough market to find good real estate deals in. I am north of Denver in Ft. Collins and this area also is becoming almost impossible to find 1% deals. In addition, it is hard to find reasonable properties for under $270K -- unless you want to go the "slum lord" route. You could look into areas such as Loveland, Windsor, and Greely, but they are clearly not the same as Denver. That said, I must agree with some others as you can also look at other markets outside of CO to find solid 1%+ deals.

@Account Closed... SA is a great market for real estate! I lived their for close to 10 years and have all of my investment properties there (continue to add even as an out of state owner/investor). I have a great property manager/realtor who has an amazing network and contacts in all the areas you are looking. Send me a private message and I would be happy to do an intro.

@Allan Foote... you have gotten some really good feedback so far, but I will add my $.02. First off, while you may be excited about real estate right now, if you ever fall out of love with it... what is your fall back plan? This is where college can help. Having a solid degree can be a safety net for you should you ever need it. Now that said, don't study something like 16th century French poetry and expect to have that safety net. You need to focus on STEM areas for the safety net to actually provide you any real support. Second, I agree that in today's market, the undergrad really isn't very important unless you are going to one of the twenty "top ten schools" (just think about it for a minute). If you get a degree from MIT, Stanford, CalTech, Harvard, Columbia, NYU, Brown, Yale, etc. you are golden. Pretty much anything else (and yes this includes so called prestigious "State Schools" such as Michigan, Texas, Virginia, UCLA, etc.) and it more depends on what you studied and where you did your grad school work at. Me, I went to small private undergrad, but aimed high with grad school at MIT (hence why they are first on the list above... duh!). This worked out for me because I wanted a career and to do real estate as a side project and build up my holdings until I decide to retire and transition into it full time. Only you can decide your correct path, but always keep in mind that you have a LOT of years ahead of you. What is your passion today... may not always be. Sometimes it is good to be prepared for change... even if you don't foresee it coming.

@Jonathan Anderson  Can you please explain how your "privilege as a straight, white, male" has any implication on your ability to see "effects it has on the communities being displaced because of the rising home/rent prices."? I am not sure how your sexuality, gender and color of skin have anything to do with your ability to "see" and/or understand effects "on the communities being displaced...". Unless of course you are saying that the only communities being displaced are gay, minority and female. Which would mean you are making assumptions and that would be stupid. That said... nice virtue signaling!

@Erica Morrow ... only you can decide which is best for you and your needs, but here are a couple things to think about:

1) are you buy and hold or do you plan to sell/flip/1031? If buy and hold, I prefer SFR as they likely will have more price appreciation vs duplex (on avg)

2) are looking for long term building of equity or CF? Duplex likely will provide more CF (on avg) vs SFR which are (on avg) better at capital appreciation

3) how many do you plan to buy (overall)? If 1 or 2... decide which is best at that time. if looking for portfolio, than maybe have a theme throughout your portfolio. also, if you only plan to use your money and will likely be limited at 10 loans -- then maybe you go with duplexes if you seek long term CF (10 X 2 = 20 income streams) vs SFR (10 X 1 = 10 income streams). if you are looking for capital appreciation, maybe you go SFR and look to bundle and sell all of your properties to another investor at some point in the future.

there really isn't a right or wrong answer, but you might want to think about what your long term goal is.

@Javier Rancier ... I am looking at moving my company to PR... that said, can you please provide your thoughts (brief and high level is fine) re: PR real estate market? Would you be OK if we connected and discussed offline?

@Jessica F. ... as someone who has received dozens of these calls (i.e. own several properties and I get "cold calls" from prospective buyers/investors), I have never given the question about how people got my number any real thought. That said, if someone presses you... have a good/believable answer or risk being dismissed out of hand. That said, I am not going to wade into the sh*t storm this thread devolved into.

@Breanne Weber... I have a PM in SA that I use for my rentals. Great guy I would be happy to do an intro if interested. Send me a DM and I will give you his contact details.

@Alissa Evans... my personal experience is that it is getting harder to find good 1% deals in "desirable" neighborhoods in SA. I own several properties close to the Medical Center (because my focus is on being in an area that has strong rental demand), but prices have gone up so much in the past 5 years that it is tough in that particular area to find 1% deals. That said, I am sure there are other areas that will fit your criteria... good luck