All Forum Posts by: Johnny Pineyro

Let us know where it sells and for what amount.  Nice work.

Great job GH.

Joshua, get someone to co-sign that is older and will mentor you.

There is an idea.  A new local airstrip?

I would call an insurance agent that offers flood insurance and see if it is insurable and the rate.  Compare that with another property that is not in a flood zone.  I live in Florida.  Most of it is in a flood zone but that does not mean you should not invest.  It means you need to secure flood insurance which is in addition to wind/storm coverage in Florida. I assume Texas is no different.

California.  Taxes?  Also, what is the population in that area?  Is your rent above or below par per rentals within 3 miles?

Not a newbie but I can understand the fear people may have at the moment.  The market is frothy.  Consumer price index climbing.  Home Price Index dropping.  Geopolitical scene uncertain.  Rates rising.  Lots of reason for veterans, not to mention newbies, to pause Jay.

Agree?

This seems like a vintage property.  What year was it built?  Opportunity zone?

Everything comes back to supply vs demand.  Right, now most area have more demand than supply and the bids rise.  When the buyers stop bidding, the race to the bottom begins.  Soft landing is being predicted now in the near term for RE (1-3 years) generally.  Of course, your local, city, county and even state might be an outlier.  

Randy it looks like this investment opportunity doesn't even meet the 1 percent rule which really shrinks your buyer pool.  What do you think can be done here to meet that metric?