All Forum Posts by: Greg R.

Quote from @Sam McCormack:

@Greg R.

Greater Cincinnati, Columbus, Memphis (ford). Just to name a couple

Thank you Sam. Are you mainly investing in those areas for cash flow?

Quote from @Jay Hinrichs:

Quote from @Greg R.:

A friend of mine is convinced that Yuma AZ is going to be a hot spot in the next few years and that there's a ton of $ to be made out there. Thoughts?

Hot Spot no pun intended its probably the hottest spot in the US thats not in death valley LOL

Yeah Yuma is brutal. I was unlucky enough to spend some time there during my military days, and it's one of the most miserable places I've ever been. However, my experience was out in the field, living in the elements. Not a normal experience in the community. 

Quote from @Carlos Ptriawan:

Quote from @Greg R.:

Quote from @Carlos Ptriawan:

Quote from @Greg R.:

This is a very subjective question, but I'd like to know which markets you think are going to prosper the most in the future. There are no right or wrong answers, just curious which markets you're betting on to see significant price and rental growth in the future. 

In term of highest potential: the South and Midwest, but Midwest has more chances because traditional business is making more sense in there.  

Thank you Carlos. Can you maybe narrow it down a bit more here. Any particular localities that you're liking in the South/ Midwest for the highest potential? 

 So when a big industry like Elon moved to Austin and Intel built a new dev. center in Columbus,OH ; that's a remarkable second start that go long way for the next decades. It's the high-end job creation that creates real estate that has the highest potential.

 Thank you Carlos. 

Quote from @Carlos Ptriawan:

Quote from @Greg R.:

This is a very subjective question, but I'd like to know which markets you think are going to prosper the most in the future. There are no right or wrong answers, just curious which markets you're betting on to see significant price and rental growth in the future. 

In term of highest potential: the South and Midwest, but Midwest has more chances because traditional business is making more sense in there.  

Thank you Carlos. Can you maybe narrow it down a bit more here. Any particular localities that you're liking in the South/ Midwest for the highest potential? 

Quote from @Ace Kaspar:

Quote from @Greg R.:

This is a very subjective question, but I'd like to know which markets you think are going to prosper the most in the future. There are no right or wrong answers, just curious which markets you're betting on to see significant price and rental growth in the future. 

I left out many great areas but to list a few:

Charlotte, NC
Nashville, TN
Durham, NC
Virginia Beach, VA
Charleston, SC
Austin, TX
Columbus, OH
Miami, FL
Grand Rapids, MI

Thanks Ace. Could you maybe provide a little background on why you included Austin? Over the last year Austin has been one of the most overpriced markets in the US. Would love to know why they're on your short list. Thx. 

I'm personally not a fan of paid mentorships. I've seen way too many scams out there. A lot of these folks don't have the experience they claim to have. The way a lot of these "gurus" got rich is from selling training & mentorship courses... not actually from RE investing. 

I recommend studying the market on your own, studying history, study these forums, or perhaps try to meet an experienced investor at a meetup or maybe a distant family member who is willing to teach you some things. 

I don't know many successful investors who make lot of money on RE who offer paid mentorships. The ones I know spend their time making more money on investing. 

In my opinion it depends on your definition of a good deal. Are you looking for MF, LTR, STR?? In general finding a home run is going to be difficult. By home run, I mean 15-20% COC on day one, turn key property. They are out there, but they're unicorns and are usually snatched up before they hit the public market.

However, there are definitely good deals to be had on the open market. Some of these are OK deals that have the potential of turning into a good deal in a few years. Or there are ones that require some time, money, and creativity to make them into a good deal. 

It's not super straight forward and a lot of it has to do with how much time you have, how much money you have, what strategy you're trying to implement, and what your appetite for risk is.

A friend of mine is convinced that Yuma AZ is going to be a hot spot in the next few years and that there's a ton of $ to be made out there. Thoughts?

This is a very subjective question, but I'd like to know which markets you think are going to prosper the most in the future. There are no right or wrong answers, just curious which markets you're betting on to see significant price and rental growth in the future. 

Quote from @Bruce Woodruff:

Just got a message from a current guest in one of my STRs. The family is there for 2 weeks. When they booked, she mentioned kids, but I assumed she had noted that the listing says 'not suitable for children'. (The house is really fine, just an old house with steep stairs - I use that check box just as a CYA)

So she wants to call me to discuss in an hour, any suggestions? Let her cancel? If she wants a discount, I'm not doing that....

Hey Bruce, any update? My guess is that they didn't read the "not suitable for children" disclaimer and wanted to make sure you're ok w/ her kids being there. Either that or something unrelated. However, interested to hear what it ended up being.