All Forum Posts by: Dave Meyer

Hey Jon, 

Appreciate your thoughtful feedback here. I can see where you're coming from, as we're testing new formats and guest combos on both shows, and the distinction can be a little blurry. I have my own thoughts on what the differences are, but I am biased so I'm curious -- as a listener to both shows what do you think differentiates the two (or should differentiate the two?). Why do you listen to OTM vs. BPRE? Any insights would be a big help. Thanks! 

Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others. As a community I think we should focus on helping people who have had their housing situation negatively impacted recover as quickly as possible. Offer aid and housing options if you're able -- don't try to profit. 

I think @Scott Trench just about nailed this one! Very much agree with the big-picture national rent forecast Scott provided here. Do just want to reiterate that this will be very regional! As an example, last year we saw markets with 9% rent growth, and some with -5% rent growth -- so there is a large variance and I expect that to continue based mostly on supply dynamics as Scott said. If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future. 

Well, @Phil Matheney, you asked...

Your 'Unique Real Estate Program' is a scam and has no business on BiggerPockets or in the real estate investing community. I would never recommend anyone consider anything remotely similar to what you're promoting, and would also advise anyone in our community to avoid this user and his ideas. This is a pathetic.

Agree that 8-12% is a solid range, but also want to add that what is 'good' is relative to what you can get elsewhere. If you're only getting a 7% ROE, but a new deal would earn you a 5% ROE, you may want to just sit tight. Alternatively, if you're getting a 9% ROE but there are deals on the market that would earn you 12%, time to move that equity! 

This is why I recommend investors always do what I call 'benchmarking.' Basically, just run deals in your market even if you're not planning to buy. It will help you benchmark your current portfolio against potential alternatives and make these types of decisions easier. 

My recommendation is to seriously recalibrate your expectations. Looking to buy 10 rental units in one year when you have $50k saved is going to be a big challenge. It's possibly, but it will require taking on more risk that most people would be comfortable with. 

Real estate is best approached slowly. As someone else said, buy one and see how it goes. No problems with thinking big -- but thinking big and fast when you don't have experience is risky, and will reduce your likelihood of long-term success. 

Agree with @Jonathan Greene 100%. If your financial situation means you can buy a single property per year, or even a property every few years that is entirely okay. Most investors take many years to build our a portfolio of properties. That is the norm for the overwhelming number of investors, and the low-risk approach. I waited 4 years between my first and second property while I saved money. It's accelerated a lot from there but real estate is and always will be a long-game. 

Thanks for the input Michael, appreciate you taking the time. Would appreciate any other feedback from the folks here if you want to weigh in! 

Yes, I live in Amsterdam, and have for five years. That said, I'm American, and self-managed a portfolio in the US for 10 years before moving here, and I still only invest in real estate in the US. Still quite active buying SMF, as well as more passive deals in syndications, and do some private lending. 

@Michael Quarles Thanks for bringing this up...and welcome back! As a BP employee (and a community member) I'm eager to learn more about the advertising you're seeing, and how it's impacting your experience on the site/in our content. Would appreciate feedback from the rest of this group as well on the topic. What should we do better?