All Forum Posts by: Daniel Schiller

@Samuel Young hi Sam! Welcome to the Hill Country. Few choice properties list around here, so make friends and be nice to your neighbors. It’s very much a door-knocking scene outside the metro area.

Do any BP members have experience buying land from GovernmentAuction.com?  I've been eyeing land in Central and West Texas, and they occasionally have some interesting opportunities, but some of them seem too good to be true.  Any reviews or stories dealing with them would be appreciated.  

Thanks in advance!

Daniel 

Yes it is normal if the agent is paying for the marketing and such out of their own pocket.   

That is quite the out-of-town investment strategy for your first property.  I'd lean towards the land deals all over that region with larger ranches being broken up into smaller tranches.  No cash flow, but it isn't going anywhere.   

@Sammie Xiao for AirBnB vacAtion rentals all you really need are a digital lock, a solid housekeeper for turns, and a trusted handyman. The PM groups are completely unnecessary as they charge 5x normal rates in vacation areas.

When you are first starting off, don't waste your time doing all the neighborhood data and research yourself when it is already in the hands of a capable agent focused on investment properties.  Just research property management firms in your target area, look at rental listings similar to what you are targeting and call the agents, meet with a regional banker or credit union and ask about agents they deal with frequently; all of these steps are more productive and interwoven than getting bogged down in numbers early in the game.    

40 doors student housing in College Station, TX.  As of Friday only 5 hadn't posted.  Spoke to my property manager and out of her portfolio its about the same across the board -~ 90%.  Houston is still busy - traffic volume during the week on par with a normal Saturday.  Economy is still puffing along on fumes.  

But more importantly, revolution is in the air.  I don't see this quarantine lasting thru the month.  Galveston (where I'm currently sheltering in place) decided to close the beaches and its creating a lot of conflict locally.  Thursday city hall meeting had 167-6 resident participants voting agains the closures, people are arguing with cops on the beach (myself included as I was playing law ball while reading a book and sipping wine behind the dune line yesterday).  There is a digital State of the City scheduled for Tuesday which will live-stream on FB. Should be entertaining for those of you who are bored at home.    

@Kyle O. “BlackRock is the world's largest asset manager, with $6.4 trillion in assets, of which its real estate assets represents just 0.35 percent. It has not grown since the company's acquisition of Singapore-based private equity real estate firm MGPA in October 2013, when combined assets were $23.5 billion.”

@Patrick M. Point of order - while I agree with everything you said, I believe the gentleman from OP confused CapEX with another financial term. Regardless of clarity or accuracy, his words articulated his opinion.