All Forum Posts by: Geoff Antone

My gut is it'll be better than 2009. In 2009, prices didn't drop with the exception of some sellers that got their hand forced by banks. Then 2012-2018 stuff doubled in price.

Other reason is while banks have tightened, they are still lending and rates are cheap.

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So things have been rough on that end too. Sounds similar to the last recession, the top agents did well as they can adapt. The other ones struggled a bit.

Do you think there will be a wave of foreclosures next year? If so how do you think it will compare the previous recession?

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Hello all,

I'm a passive investor, my main business is in adjusting insurance claims as a public adjuster. The other day I had a Real Estate agent who referred a client very upset the claim was taking too long and was quasi yelling.

This seemed odd, I told her from the beginning claims take a long time. I called the referred client to see if they are okay. They said they had no issues, but the real estate agent was upset because she was hoping to sell the house once the claim is done. They client has no interest in selling the house at this time.

Come to find out it's all her, which makes me think perhaps sales are down.

I also noticed a real estate office that is nearby where I live has closed after being open for several years.

Everybody has a gauge on what is going to happen to the housing market over the next year or two.

My thing is how are real estate agents doing right now? Are they still able to get houses bought and sold?

That will help tell us what is coming.

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I've been looking at Dallas / Fort Worth for a while. I'm seeing great rentals, not so much Flip or BRRR opportunity.

Anyone know of good cities around the country where they are seeing BRRR opportunities?

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I like the way you think Frank, that's what I'm thinking.

I'm not really looking for a Job, I'm looking for Financial Freedom!!

Originally posted by @Frank Wong:

The mindset change from rentals to flips is short term sacrifice for long term success. Rentals, in the beginning, is little money and flips look so nice because of the larger profits. If you flip you will always be chasing the next deal. All that work and risk and trying to keep repeating it. Not for me. Buy and hold is a safer strategy and larger profits in the long run. Think 10+yrs timeline.

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Hey Brendan,

Great questions!

1. The answer to your first question is something I never thought about. Can you give me an example of buying on the high end of the market and how I would need a back-up plan? I'm assuming that your thinking that the market could drop after I buy the properties?

Can you please give me a scenario? I really like to think about these things.

2. Buy-and-hold holds are a part of my plan. I planned originally to flip and do some buying holds this year. It was always my goal to have 15 properties in 15 years.

I think that's pretty obtainable then I could probably pull off in a lot less.

The thing I worry about flipping is that it's a job like everything else it's not necessarily investing. I'm trying to get myself into the right mindset thus the Cash Flow quadrant.

That also to I'm just not sure if I'm crazy about doing a flip at 20K profit. If the flip were bigger profits I probably be more into it to make it a job that's worthwhile.

20k or less would be less than my current business profits (different business outside of real estate).

Originally posted by @Brendan F. Nagle:

@Geoff Antone

I have two questions.

1. Back up plans? If flips are to thin. And you being new to buy and hold... what is your back up plan if you buy on high end of the market?

2. Does buy and hold fit your goals? It shouldn’t be about what’s easiest. If your goal is 10 houses. Great. If not, figure out your goal first.

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Yes that is an added benefit as well

Originally posted by @Mark S.:

@Geoff Antone Keep in mind the tax benefits of LTCG on a hold vs. ordinary income, including FICA taxes, on a flip. Makes a huge difference in what you actually make in a property when you sell.

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Thank you Tanner

this is the best option that I'm seeing right now. At least in the market I meant there might be better flip markets that I don't know of.

Originally posted by @Tanner Marsey:

Smart move.

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Thanks Derrick,

You agree it's better to buy and fix up then rent rather than just buy and rent as is ?

My thought is increase the value and then you have less headaches, at least for a while less chances of them.

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Thank you Jim!

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All Forum Posts by: Geoff Antone

Geoff Antone has started 9 posts and replied 29 times.

Post: How is it going right now for Real Estate Agents?

Post: How is it going right now for Real Estate Agents?

Post: How is it going right now for Real Estate Agents?

Post: Best Market to BRRR In

Post: Mindset of Buying Rentals instead of Flips

Post: Mindset of Buying Rentals instead of Flips

Post: Mindset of Buying Rentals instead of Flips

Post: Mindset of Buying Rentals instead of Flips

Post: Mindset of Buying Rentals instead of Flips

Post: Mindset of Buying Rentals instead of Flips