All Forum Posts by: Account Closed

What is the reason you do not want to rent until buyers come back into the market?

Then again, there is no rule that says assets will lose value when rates go up. There are some huge earnings this week that can and will move the equities markets. People also forget, and the media doesn't cover, that US industrial production is at all-time highs. Europe situation surely scary, China scarier. I like cash right now. 

 You're doing a Lord of The Rings theme also??

I don't think timing the market is as ambiguous as everyone says. We still have another 50 or 75 bps hike, another 50 or 25 bps coming after, then our last likely last 25 bps coming in March 2023. Real estate takes a while to price in rate hikes and sellers in markets I'm dealing in are still living in the 2021 fantasy land with their ask prices. Also, let the 10-year guide you here. As long as it's this elevated, we got more pain coming in real estate. 

Demand makes values go up. What demand is there when a risk-free treasury is yielding 4.25% while most cash on cash returns right now are 4% or lower.

Check out Meet Kevin on YouTube.

I think this is the coolest idea and potentially super lucrative. Want to do this at some point myself. Easy maintenance, low build cost, users think it's cool.

Really comes down to legislation in the market where you want to build. Have a buddy who is planning an entire Lord of The Rings- themed manufactured home, Air BnB community. Good luck!

Yes, 100% have a professional that you trust walk through. 

If you are new to investing in real estate, I personally don't think buying a multifamily property in disrepair is the best way to start. MF values are still rather overpriced. Just my take. I'd focus on getting a couple turn key SFRs in the midwest (Kansas City MO) and learning how the game works dealing with one tenant. 

I am an acquisitions analyst at a real estate investment advisory firm. We provide clients with property financial models, set them up with property managers (who we have used for years), help them offer through our agent (who we have used for years), and have an asset manager who manages the property manager for you (who we have worked with for years).

If you'd be interested in hearing more about this, I am happy to chat. Most of my clients are first-time investors. Shoot me a DM!

If you own stocks, most brokers will let you borrow against your portfolio (Margin). Margin rates are usually below 4%. If you own a home, a HELOC is always possible if you have 20% equity or more.

I personally sold a car that I didn't need and got a crappy Prius, and used the difference to get my first place. There's some humility in that but Dave Ramsay would be proud. Learning to day trade equities is also a great way to come up with cash although it takes a while of losing before you can win. 

Thanks 

$50-$100k is a bit low even in the midwestern markets I'm dealing in. In 2019, we were buying nice 3bd/2ba around 1,500 sqft for $90k that are worth about $150k now.

I think these days, $135-$155k can get you a nice SFR in Kansas City, MO, for example.

$50-$100k usually means a 3bd/1ba or a 2bd/1ba, which will not be renting for much more than $1,300 in most markets. You won't find a home for $100k that rents for $2,000. 

I'm an acquisitions analyst at a real estate investment advisory firm and am happy to talk market with you whenever. Shoot me a DM!

Wow, you definitely have some ammo to be doing great things in real estate.

I'm an acquisitions analyst at a real estate investment advisory firm in Denver and would be happy to go over our two midwestern markets of investment with you. Many of our clients are buying turn key properties and getting strong cash flow even at 7% interest.