All Forum Posts by: David Hodge

When selling my primary residence, I had to provide the buyer with a clue report. It was easy to get. I forget how long it took to receive the report... I'm thinking about a week. I'm not too sure about lightning damage though...

A sense of urgency is good, but don't feel too rushed. In the long run, delaying your investing by 6 months to learn and really make sure you understand the numbers and market isn't going to make much difference.

Sipo Thao congrats! Does it still cashflow? How'd you find this deal? If it has positive CF I'd save the cash and search for the next one!

Jay Hinrichs thanks for the response. That makes sense. So it seems it's not legal to sell the contract without a license but if you actually acquire the property and resell it minutes later then there is no issue right?

Jay Hinrichs wouldn't the most accurate, unbiased answer come from a real estate lawyer who practices in the state? I would think that the real estate agency would have a slant towards protecting its interests.

Tim Hamby I bought from BuyMemphisNow last year and so far things have been very smooth! I also bought from a TK provider in a different state that did not go well, so I've seen both extremes. Go only with top notch, reputable companies. When you buy out of state, it's extra important to know your management company can deliver and your TK provider is selling you a solid property. Most providers are either crooks, incompetent or in bad areas. Memphis seems to have the most highly reputable TK companies so the hard part there is just choosing which is best for you.

Thank you all for the feedback. It does sound like Dent is putting too much emphasis on one factor (baby boomers). I believe he thinks the millennials will shy away from home ownership due to seeing their parents lose their homes in the last down turn. So even after student debt is paid off, they will still choose to rent. I felt like it was really a stretch but wanted to confirm what I was already thinking by posting on here.

David Short thank you. I'll look into that!

Matthew Carducci thanks for the response! That makes a lot of sense.

What is everyone's opinion on Harry Dent? He points out that real estate has pretty consistently gone up over most of our life times because of the baby boomers, but now that they are down-sizing and dying off, real estate will decline over the next 20 years. I think most would agree that whatever the baby boomers touched, turned to gold, since they have been the largest generation. Once they are gone, where will the demand for home ownership come from? Millennials prefer to rent, so unless that changes, who will bring the demand that the baby boomers have provided in the past? Appreciation is critical to building wealth in real estate and without it, building a large rental portfolio is a much slower process. Is the consistent appreciation we've seen in the past over? I'm interested in everyone's opinion on this.