All Forum Posts by: Courtney Buck

@Nathaniel Gordon Sure will, I will send it out ASAP!

1. Coronavirus and Market Instability

Many of you are aware that I work at the Centers for Disease Control (CDC), and I invest in the large (100+ unit) multifamily space. This puts me in a unique position to see how this crisis has developed. As I write this, the US just closed the border with Canada, and they stopped trading stocks for the fourth time in two weeks. There is a lot of incorrect information circulating for coronavirus, so for the most up to date facts, please visit: https://www.cdc.gov/coronavirus/2019-ncov/index.html

There is financial instability in the market due to concerns over the effects of the pandemic: businesses are closing, lots of people are not working, schools and other institutions are shutting their doors in the hope of slowing the spread. The markets reacted quickly and down nearly 30%.

There are other lagging behavioral factors in play that are not immediately recognizable. As a whole, when people are fearful and not as confident, they are less like to buy a new vehicle, book a vacation (obviously that's the case now), go out to restaurants, buy new consumer goods, and discretionary spending falls. The list is long, and markets react. While I do not advise on stocks, bonds, municipal funds, CD, and other paper assets...but if you are calling your financial advisor and they are not responding, find a new advisor. Have a plan in place, even if the plan is to stay the course. Now onto multifamily....

2. I am still confident in multifamily investing. Here's why:

Over the last three recessions (2008, 2001, 1990-1991), multifamily has performed well compared to other asset classes and single-family housing. With minimal default rates, steady occupancy, and rent rate percentages, multifamily (especially in the Class B and C space) has been a secure investment. One significant exception is during the dot-com bust in 2001; for example, San Franciso reported large vacancies and rent decline. It's primarily a one-industry town. This is one example, but I'm sure you get the point.

Think of 100+ unit multifamily real estate as a large shipping container vessel that is difficult to turn. It's stable, and it does not react quickly to change.

Bank financing is extraordinarily cheap, and the US Government does not intend to raise rates anytime soon. My personal thought is the rest of 2020 and 2021 will have low-interest rates.

Depreciation is a fantastic benefit of large multifamily investing right now! Bonus depreciation was increased from 50% to 100% for property placed into service after September 27, 2017, and before January 1, 2023.

And finally, affordable housing has never gone out of style. As single-family homes increase in cost, more and more people need affordable places to stay and raise families.

If I can help in any way, please feel free to reach out to me if you like, message me, and we can set up a call or meeting.

***All of these statements and recommendations are based on experience, research, and opinions of Courtney Buck and not of the U.S Government

Hi everyone,

In response to the coronavirus and emergency declarations by the Governor of Georgia and the President, I am disappointed to announce that I am canceling the March 30 Meetup I host for multifamily investing and rescheduling for April 27 in Alpharetta, GA

THE GOOD NEWS:

Instead! I am going to host an educational webinar and you're invited! Please send me your email and I can send you the information!

There will not be any margarita's or fish taco's like normal but the information will be valuable:)

Very Respectfully,

Courtney Buck

[email protected]

@Joseph Firmin yep, there will be one. March 30 is the date!

@Joseph Firmin That would be great!! Come on up to Alpharetta say 'Hi'! And if you can't make it, I will see you in Dallas!

Hi there:) Feb 24th at 7pm

Our last Think Multifamily Meetup was a hit! Approx. 40 people attended and took over one side of the restaurant. Come join us again or check us out for the first time, we are here to educate you on investing in multifamily!

Once again, my name is Courtney Buck and I am an Army veteran and currently work in global health at the Centers for Disease Control (CDC). I’ve been investing in real estate for several years and pivoted my focus to multifamily after hearing about the tax advantages for my private investors.

Come enjoy the amazing food, drinks, and conversation!

Agenda: For the first approx. 30-45 min I will present on what makes a good deal vs other options. There are lots of deals out there, just not many good ones! Then open Q&A.

Date/Time: Feb 24th from 7-8:30 pm

Location:

Cantina Taqueria (Inside the new Halcyon development)
6220 Town Square, Suite 1000A
Alpharetta, GA

Please feel free to contact me at: [email protected] or 770-415-2108 with any questions or topics you would like to learn about in the future. Or visit www.courtneybuckinvestments.com/multifamily for more information.

Hi everyone,

I'm currently a Pro Member but I was wondering if I could post in Events (I host a Meetup in Atlanta/Alpharetta). I'm primarily involved in multifamily and syndicating so I do not use really any of the Pro perks.

Thanks all!

Hi @Carla Marie, I just sent you a message. We just pivoted last year from single family flips to purely syndicating across the Southeast. I'm from Atlanta (Alpharetta to be specific) and can explain some of the details behind syndication. Let me know!

Courtney

Does any have any resources or recommend a book on copywriting, especially for social media posts, emails, and newsletters. I write a great deal...emails, newsletters(via Mailchimp), social media posts to include LinkedIn and need some help.

Just in my own experience some copy(even subject lines) are so much easier to read and triggers the desire to read on, where mine just seems so 'blocky' when I go back and read it.

I used to write diplomatic posts for the US Government as part of my job so you can imagine how dull my writing can be:)