All Forum Posts by: David Vitarelli

@Logan Causey Not anytime soon. Though the 2yr / 10yr yield curve inversion has predicted every one of the previous recessions, we didn’t enter an “official” recession until 18 months later. For the record, a recession is defined as 2 consecutive quarters of negative GDP growth. However, in every case leading up to current, the inverted yield curve was sustained blow inverted points. Since the official inversion happened yesterday, it has already crossed back. I wouldn’t bank on seeing an economic slowdown any time soon. And even if we do see a recession, remember, recessions are a normal and natural part of an economic cycle. There may be a time to have the conversation about a slowdown in housing value, but not yet my friend.

@Ronen Vaingarten I cannot speak to the real estate market in Serbia....however, my wife is originally from Albania, which is just below Serbia. My wife and I own 3 apartments in Tirane, Albania and I can tell you that the estimated values have increased significantly over the past 5 years. Albania is not a member of the EU, however, they have been trying to get in for many years. The government is working to correct issues as it pertains to infrastructure and corruption. It is my understanding that "sometime in the future" when all EU criteria is met, Albania will be allowed in the EU and will presumably be able to take advantage of all the economic benefits that come with it. Perhaps the same is true for Serbia. Please update this thread as you learn more. 

@Joe Crupi I think that determining what is a “good” monthly cash flow depends on the individual and the specific deal. My personal portfolio is made up of single family properties and small multis (duplex’s). I have some properties that cash flow at $500 per month...and I have others that cash flow at $200 per month. In my opinion, both give “good” monthly cash flow. I’d be glad to look at some real world scenarios with you. DM me with your email if you want to chat.

@Alvin Uy have you considered alternative asset classes? Selling premium in the derivatives market can be a consistent income generating strategy for those with a low risk appetite. I know of a broker that consistently generates 40% annual returns for his clients with “relatively” low risk. For an investor with a larger risk appetite, you can trade commodities futures...which have the potential to generate triple digit returns annually. However, this is not for those with weak intestinal fortitude! Aside for these two alternative methods of investing, I would stick to the aforementioned strategies of investing in various types of real estate. I get the impression from your comments that you are seeking a means of making money that does not involve starting a new business that will demand much of your time. I am personally implementing the same strategy I just mentioned...just with less capital : ) anyway...that’s my two cents!

@Ryan Stark a good place to start looking for a property manager is on www.narpm.org NARPM, is a national organization that sets the standard for residential property managers. 

@Mike Abbate there are a few metrics you can refer to independently to determine if this is an accurate statement. First, you want to take a good look at your lease rate and property condition versus other properties in your market. Are you in the top 10%, bottom 10% or somewhere in the middle? Next, I would look at the days on market versus vacancy rate...then take this data and compare to the tenant/renter occupied saturation rate versus owner occupied rate. This should give you a good idea as to what the average length of time to rent a property is. If your property is in an area with 50% + rental saturation with a higher vacancy rate...properties may stay on market for a longer period. However, if the saturation rate is lower and you are in a more desirable area with lower vacancy rates...the days on market should be less. 

 @Leche Hopkins and @Rosaria Pipitone welcome to BP! I see that we are all from the same area. Good luck in your real estate investing endeavors! 

@Daniel Brantley google, Philadelphia REIA Meetup and you will get the answer you seek. Or drop @Joe Scorese a line and he can steer you in the right direction.

@Bruce Lynch sorry to answer your question with a question. But, why would you want to cancel the lease after 1 year? In my opinion, the landlord should want to keep tenants for longer periods of time. In my experience, the great killer of profit in real estate are vacancies. I have tailored my lease to call for an automatic annual renewal unless written notice to cancel is given 30 days prior to lease expiration. Assuming that I have been diligent in selecting a tenant and they are meeting their end of the lease, I can’t think of a reason why I would want to end it early.

@Alex Ridgeway we manage many properties in and around this area. Generally speaking, this is a good B/C class area to invest. This area is close to many amenities and transportation. Also, because Trenton has been declared an opportunity zone, there has been an uptick in investor activity. Additionally, market demand is consistently strong. In my opinion, this is a good place to invest.