All Forum Posts by: Henry Zhu

Fed is doing whatever they can to kill the demand in order to cool off the inflation, and real estate is a big part of that inflation. Regardless of whether home price goes up or down, people that haven't bought a house with no equity are getting priced out and not able to afford the home they want to live in.

For investors, it will be harder for average investors to find a good deal. From my personal perspective, I am weighing my option of spending a lot of time looking for those deals and potentially come out empty if i analyze conservatively, versus I make my money elsewhere whre i can get better bang of my buck for my time. 

I am saving up some cash now and by using HELOC i might be able to scoop up some good deals next year when demand drops to a lower point.

@Josh C.

Your comment does not help the man…

He obviously is not having a good day and is losing 50k due to his own mistake.. That’s why he came here just to confirm if he had a case that’s all…

If you are losing 50k and in addition to give you the fact you are wrong I laugh in your face, I guess you would be alright lol…

Thanks for the info @Account Closed

Looking for Airbnb properties in Luray, Front royal, Shenandoah valley area.

Any experience and advice would be much appreciated.

@Rachel Mellies

Be prepared for things to go wrong and interview multiple local teams to see who is the best fit.

@Matthew Irish-Jones

Nobody is ever gonna do any work for him at that price.

He is def the type to use unlicensed contractor.

@Gene Livingston

Water heater installed only $500? Where you getting these prices.

The cheapest water heater I see on Home Depot is more than $500 without tax and delivery.

@Grant Tyler Short

Great info Grant, thanks for sharing.

I think the problem is not price but affordability, if my income can double right now with the same job I guess I would be alright with all the rate hike lol.. Average people this year are not getting the same income raise to keep up with 9% inflation. Inventory is gonna stay low, it will be interesting to see how mom and pop investors do this year and where.

I work in construction and I can tell you construction costs are getting more and more expensive. I don’t see a slow down either. And btw, investor will have to pay us contractor more on labor because we are getting raises too. A lot of flippers will lose money or hire ****** contractor to do work.

In major cities, big players still developing and building. I don’t think interest rate affect them too much, they just have too much money in hand and made too much the last decades.

Lastly, Just one curious question, why didn’t you buy two years ago or last year when the rates were low.

Real estate is also very localized, while some market could be still climbing with interest rate surge like Northern Virginia, some market probably won’t be doing too well in the next few months.

It is also scary to invest in a market where most homes are being scooped up by small investors or big ibuyers. That means there is no affordability and people who work there can’t buy a house. I don’t think the local city wants to see that, and they will either crack down on airbnbs or have more restrictions for investors like what Canada is doing.

If you have a lot of money, park your money in real estate is always a great choice never all eggs in one basket though.

If you don’t have tons of capital, only jump in to a deal with cash flow so it can weather you through any correction that may happen, nobody knows.

Don’t time the market but need to pick the right market for you first.

From my research, seems like healthcare is one of the largest employers in San Antonio. Anyone has experience doing mid-term rental in this SA for travel nurses?

I am looking at zip code 78229, and you can still get single family homes in the mid 200k range.