All Forum Posts by: Account Closed

@Mike Hillman as you stated, they have billions to deploy. What keeps them from going after houses everywhere? They most certainly are capable of doing so. I worked for a company called Citivest in Southern CA for a little while as we were crawling out of the recession. They were purchasing bundles of housing without seeing them, then sending in managers to oversee little remodel crews and flipping around houses all over the place, even off dirt roads. So the word on the article I found off Revolver news from June 9th (a link) says they are somehow fused by the Federal Reserve. Not sure how printing money is directly related, but apparently they are getting something to help redistribute “wealth” and reset something.

@Tony Kim I don’t know how to post a link here, however, if you duckduckgo “ Blackrock buying all the housing” you’ll find multiple articles. My favorite comes from Revolver news from June 9th. If you type “revolver Blackrock” it will surface. This articles says they are getting funding from the Federal Reserve and are redistributing like 130 trillion or some stupid number as part of the great reset. Man this is great!

@Jody Sperling interesting perspective. Sounds like your take is that it helps you possibly. I take a pretty broad approach to this and consider the implications for the hard working people of our country. You may not be chasing market, but others are confined to their market and don’t understand how to find a good deal. Blackrock turns out to be the largest asset manager in the world apparently, and is buying with other institutions 1/4 of the inventory in places like Houston TX. Seems significant they are after the state everyone is moving to looking for freedom.

I read an article that Blackrock is buying all the houses and new housing tracts with taxpayer dollars to the tune of over 30k houses per year. Turning them into SFR. They are buying above market. Anyone else know about this situation or have firsthand knowledge of the impact?

@Jacob Mistric esto es la problema! There’s no way to tell you because it’s all specific to the place and deal (or no deal haha). You’ll always go over budget, over time, but in this dang market you might get something for it. The last two I’ve worked on flipping, I told myself I wouldn’t spend much time on each. Wrong! I found myself with only one way out that makes sense to me, and my that’s turn key baby! It’s just a good learning experience learning how to make these kittens purrrr.

@Susmitha Pranitha if that’s all the problems on the roof, based on the picture, there’s really no problem, and “it’s not leaking”. That’s the easiest type of shingle to roof over. 3 roofing contractors in a house you don’t own... ouch! You should learn a little more about home construction and roofs before you tie something up you don’t know much about. Of course the poor desperate roofing contractors that bid a job for a non owner are suggesting a new roof. You can always improve, but no need

@Aman Shahi I would look at New York City, San Francisco, Michigan... anywhere along those lines. They’re pretty big, so they should be getting bigger with the current trends of city life and office work and social connections.

@David Roberts you were quarantined for a year?! Sheesh, must have lived next to Fauch

@Clarence Ng stop paying before progress is done. Hold the carrot in front of the horse, but pay religiously when due. Construction falls behind often SADLY, but a lot can happen in a couple weeks remaining and an ok contractor will die trying to meet schedule

@James Riggs nice.. I looked it up and it sounds kinda cool with it being organic. Almost reminds me of radiator sealer. It did say it’s for drains too. Water alarm sounds like a cool thing to try.