All Forum Posts by: Evan Swanson

Bruce, you make a good point when you say "there are less players coming up from the younger generation now..." I'd be interested in the see the data on the average age of homebuyers/investors per state. I live in CT which is not renowned as a destination state. In fact, I don't see many young professionals starting careers here unless they have family nearby or have roots here. New England is beautiful, but it's not usually on the top of the list for hot real estate markets, especially for young investors. 

In the podcast, David said most of the big players in real estate aren't looking at the north east, so maybe there's more opportunity here than in markets like Florida, Texas, Tennessee, etc.. for those starting out.
 

@Lee Ripma Thanks for the inspiration. I've always been of the mindset "if there's a will, there's a way." I learn relentlessly when I set my mind on something. It's good to be in community with people that have a similar mindset and are still optimistic! Appreciate the input. 

Over the the episodes from the past two weeks, David from the BiggerPockets podcast has brought up that real estate will be harder and harder to from the "small guy" to get into each year due to factors like: inflation, hedge funds being hyperactive in the market, the lack of supply and high demand causing an increasingly competitive market, real estate being a more attractive investment for our current economic condition, etc... 

I have just started to learn about real estate investing in the past three months. Most likely, I won't be buying real estate until three years down the road. However, I have a sense of FOMO after listening to these podcasts and am discouraged to hear that less opportunity will await in the future. 

What do you all think? Will finding a deal be more difficult every year for new investors? Of course, there's always a deal to be found, but I'm interested to hear overall thoughts on this idea. 

@Alecia Loveless Thanks for your response! I am looking at a town with a population of 46,511. Does the population need to be growing?

 It has 2 colleges, grocery stores, a hospital, and a nice downtown of restaurants. The population isn't growing but it's a central location, offering an easy commute to many jobs. 

Hey all, I'm trying to determine where to buy my first multi-family property (duplex or four-plex) in CT. I've heard that it's best to narrow your search to one town or area. What tools can I use to determine the best town/area for buying a multi-family?