All Forum Posts by: Christian Tynan

The people attracted to CTREIA are great because its the only real estate group in the state. Simultaneously, I have sat in Ron's gotcha class. He's a nice guy, I'm sure, with a breadth of experience, yes. However, he gives you all the real-estate-feel-good info that you can get from biggerpockets and the internet or a book or two for the low little price of $10,000 of your hard earned money (that is better spent on an FHA loan as a down payment on your first owner-occupy multi). Brand Turner, David Greene, J Scott, they all say don't pay for that stuff if they give it to you free from the comfort of your own laptop.

@Richard Foxx

This week and further ramifications is what I was referring to!

@Brett Tvenge

So obviously not every market is experiencing locktight prices but don’t ignore the signs. This is still what the majority of the nation feels.

Well first, Brandon Turner, David Greene and others talk about homes being overvalued across the country almost every week as of late. Second, I can go on Zillow and Realtor and see house going for prices that are NOT justified by the going rates of rent. Meaning that only those with a significant amount of capital or leverage are buying up properties to hold and rent (because they can) or Joe and Jane Doe are spending top dollar across the country for that white picket fence and big back yard. 

Greg H., your comment gives me great confidence and urged me to look back to the numbers. My solution, when caught in a weird scenario like I mentioned above, is to hold until the market is adequate for a sale of that property (and I might be able to scalp a little payday when I refi to a conventional loan if the property is appraised high enough). Rent in the short-term.

@Michael Plante

Well homes are grossly overvalued, interest rates are at an all time low while 5% of the USD was printed last month alone. Eviction moratoriums are about to end and the foreclosed market will be flooded more than likely crashing prices all around. I mean it is inevitable, is it not?

J Scott mentions that most people are reluctant to start investing because it's "not the right time" to buy or sell. He writes that there are only two conditions that make a successful flip and that's to buy at a low price or sell at a premium. You don't need both. Given the looming threat of a market crash, we would all be looking at buying at a premium and running the risk of selling at a low price. Needless to say, this is not the goal of a flipper. What are you all doing to brace for this dynamic? Does this affect your plan for flipping? What sort of catalysts or measurements are we using to know when to off load our flips or homes financed with short-term money? Are there any unique exit strategies that you could highlight? Cheers!

Just as a follow up, is this a REI based meetup still or more so a motivational based meetup? Thanks.

Is this event stilling happening on Thursday 2/4? Thanks!