All Forum Posts by: ISI O.

Hi @jonathan 

@Jonathan Anderson, pls send me the link for the facebook group as well. Thanks in advance!

Thanks Dave. 

See you there!

THANKS CHRIS C.!!!!!!

Nice! Will be there. Thanks for setting this up.

Hey guys, I have a question about buy and hold strategy in a down market:

Taking the recent RE market crash of 2008 as an example, it seems to me that if that situation were to ever repeat itself, buy and hold REI may find themselves in a pickle, right? I mean, if an investor has maybe 20 multifamily properties that suddenly see high vacancy rates because people cannot afford higher rents, then he/she is stuck paying mortgages on 20 properties. And if one does not have deep pockets, then such a person would quickly find him/herself facing foreclosures on multiple properties. I'm sure folks have made this doomsday prediction (however seemingly unlikely)!!

Would folks kindly share what they'd do in that situation? I just like to know what exit strategies are tenable in such a situation. I pray it doesn't happen but one must plan for the worst while hoping for the best, right?

Thanks in advance!

 Hey Mike,

I agree with you.  3/2's are more difficult to find around my area too. Thanks for the input!

 Hi Jennifer,

This property is close to a great elementary school and a major regional hospital. So, presumably, working professionals or families could be the potential renters. Thanks!

 Thanks Kelly N.!

I'm learning more about my market to better understand which moves more.

Hi,

What kind of triplexes are the most attractive as rentals? 2BR 1.5 bath or 3 BR 2 bath?

welcome aboard! I'm just like you too but I operate out of Charleston, SC!

Welcome aboard! I'm in SC but let me know if you think I can help with any questions.