All Forum Posts by: Andrew Hogan

After 10 interest rate hikes in a row from the Federal Reserve, we have now had the first pause. 

If you expect them to quickly revert back to all-time lows right away, think again. 

There likely won't be any rate cuts anytime soon (likely until late 23/ early 24). 

What does this mean? There is still a lot of pain to be felt by property owners who have been letting skinny deals past their DD standards. Bad for them, good for those who can capitalize on the opportunity. 

It also means that the music will soon stop for all-time high short term money market yields and investors will have to search elsewhere.

 @Manuel D rodriguez mendez after working in market research for Cushman & Wakefield and for a development company, I added everyone on linkedin asking how I could add value to their organization. Leveraged my sales skills and was offered a great opportunity. 

Try listening to podcasts and adding your favorite guests/hosts on Li

Bringing this old forum back to life! I'm sure it was a great time 3 yrs ago and you would be in a good spot if you pulled the trigger then -- we're still bullish on NWA today! Any updated stories to share (good or bad)?

@Anthony Van Guyse

@Mark Caiazza

@Beni Restea

@Beni Restea

There is a lot of potential in either location! Don't worry as much about cap rates as you do forced appreciation. :)

The Stabilized yield on cost is perhaps one of - if not the most important metric when underwriting real estate.

Go watch and learn from Undercover Billionaire Season 2. Link to amazon prime.

3 people had to do this same experiment with $100, no contacts, and had to get to 1M in 90 days.

I won't ruin the ending but it's worth learning from! 

One of them was dopped off in Seattle actually.

@Manuel D rodriguez mendez get into large multifamily syndications sooner. Bigger is better in this industry:)

Also will be top 3 for negative rent growth for quite some time...

Ditto to Jim's comments ☝️

Having a property manager on your SFRs doesn't necessarily mean it's "passive" all the sudden. 

You can spend your time underwriting syndicators/operators in the space or switching management companies every few years.

Happy hunting!

Welcome to the land of Hoosiers @Thierno Diallo. There are many many duplexes inside the 465 loop. You may find occasional tris and 4-plexes but they are harder to find. 

Just do your DD really well because the capex can get serious on a house built in 1920!

As a general rule of thumb, you'll likely have less deferred maintenance, less overall risk, safer neighborhoods, better schools, and higher quality residents if you buy a bit nicer and newer properties.  

Best!

 Good question, I was speaking solely to having a ballpark amount of equity to get a loan. With the Networth requirement in that you mentioned, you'd likely need to find a partner who could sign off and put their Net Worth on the line as a KP.