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All Forum Posts by: John Corey

John Corey has started 7 posts and replied 660 times.

Post: Are we headed towards housing crash 2.0?

John CoreyPosted
  • London
  • Posts 722
  • Votes 386
Originally posted by @Frank Wong:
Originally posted by @Jay Hinrichs:
Originally posted by @John Corey:

Do not get too focused on the numbers in the short run. Look at the data over a long period of time. Also factor in the prevailing interest rates over the same time frame.

Predicting a crash is never easy. The folks who claim to have predicted correctly in the past generally are confusing luck with a prediction. Or, they are not telling you about the other predictions that did not work out as planned.

If you are really worried about a market, use less debt. Even in 2008, most people continued to pay their loans and continued to own their homes.

And as it relates to Investors if you have a 2.0 crash very few will be able to buy anyway since there will be very few lenders in the space.. ONLY those with cash will be able to partake.  so unless your in a great cash position.. you could have desire to purchase but no ability.. owner occ is always there.. but not investor loans. 

this is why the crash of 08 was so severe the investor loans froze like the Antarctic.. before global warming. 

then what happens is you try to time the bottom you get nervous and really with credit so tight and nerves you never do execute. 

Great perspective Jay and so true. How are you going to buy when you can't get a loan?  Lots of people say they will buy when prices are low and markets crash.  Are you sure you are willing to do that when the world looks like it will collapse?  Just look at the stock market last December.  What a great buying opportunity and one that I have been waiting for all year. Lots of people did not buy and missed the bounced. Why?  Investor psychology.  Bear markets are scary and they play tricks with the investor's mind.  

Which is why the really successful investors are in the minority. The masses rarely get it right when we are talking about extreme conditions. Buffett and others talk about this. Buying when there is blood in the street.

And extreme markets favor cash buyers. Expecting mainstream lenders to be ready to lend is flawed.

Post: Are we headed towards housing crash 2.0?

John CoreyPosted
  • London
  • Posts 722
  • Votes 386

Funny, I lived in the SF Bay area when working in Silicon Valley. 

These days I live in London. Prices here make most of the USA look really cheap. That said, the plan is to be spending more time on the USA West Coast or Hawaii with the London place a 'lock and leave' bolthole.

I was looking at the registration page. I can see an early bird ticket yet the discussion here implies the early bird pricing is over. What am I missing?

Given my travel schedule could cause a problem, I am more partial to the option that includes the recording. That ticket price is not open for sale. Is there a way to buy the early bird and upgrade later? Or, do I just need to wait until the option the pricing opens for sale?

Post: Are we headed towards housing crash 2.0?

John CoreyPosted
  • London
  • Posts 722
  • Votes 386

Jay, I see you list LO as a place you live. I lived in LO for a period in the 1990s. Love the city.

Post: Facebook for wholesaling

John CoreyPosted
  • London
  • Posts 722
  • Votes 386
Originally posted by @Angela Russo:

@Joey Murillo How is the facebook marketing going so far? Are you doing it yourself or working with someone who does marketing?

 In your profile, you said you are a FB ad specialist and you are starting to invest in notes. Are you using FB ads to find notes?

Post: Has anyone worked with Connected Investors?

John CoreyPosted
  • London
  • Posts 722
  • Votes 386

Looking at their site, they appear to be a BP competitor.

Originally posted by @Justin Brown:

@Lance Bloggs it was amazing! Still putting into practice what I learned. I felt it was very worth it and will defintetly Be going next year! 

 It is likely the 2020 event will be in the same location and the same time of year?

What was your biggest take away? 

Anything you would do differently to make the event more productive for you next year?

7,232 mi.

I was living in the UK and purchase some property in Maui, HI. 

Distance is definitely an issue. You need to be very sensitive to the strategy and what you are expecting. The local investor is more likely to get the best deals as they have more information and time to chase the local deals.

I was looking for a buy and hold with the exit being something my children can sort out. It has been more than a decade so far and I am pretty happy with how things have worked out.

Post: Are we headed towards housing crash 2.0?

John CoreyPosted
  • London
  • Posts 722
  • Votes 386

Do not get too focused on the numbers in the short run. Look at the data over a long period of time. Also factor in the prevailing interest rates over the same time frame.

Predicting a crash is never easy. The folks who claim to have predicted correctly in the past generally are confusing luck with a prediction. Or, they are not telling you about the other predictions that did not work out as planned.

If you are really worried about a market, use less debt. Even in 2008, most people continued to pay their loans and continued to own their homes.

Hey Alan and others, I will be visiting family in the West Chester County area in about 3 weeks. I think I am there for 10 or 14 days. My wife will let me know what she decided. In any event, if there is a meet going on, happy to join in.