All Forum Posts by: Justin Frank

@Grace P.

This is a hard position to be in and a very hard question to answer. So difficult to tell what will happen to the RE market. I personally feel that we are going to suffer a fairly big decline. Especially because our market is so hyper inflated. So much of our economy engine is shut down so it is hard to believe that RE will not feel the effects. The big question I have is how long it will last. I am hoping to find some great deals in the near future but I plan on holding out a bit to see what happens. People will always need a place to live (rates are crazy volatile right now though I think they will stabilize and remain low), but If you sit back and look at the big picture do you think people will be buying half million dollar homes now and/or in the near future? I would be scared. 

@James C Norman Jr

I don’t have experience in this area but I look a lot. It seems most counties are using third parties to sell them now. ********** is one of the main players I see selling tax lien properties for our state. I have always been interested in the space. Let me know what you find and I will do the same for you. See what we can come up with. 

@Janelle Hicks

I am refinancing and getting a new HELOC. I saw mentions of HELOCs being no good because of the closing costs but every HeLOC I have had has had zero closing costs. I would make sure you find the right bank. A HELOC is a credit credit line. With that being said, it is credit so be smart.

Super cool @Jay Hinrichs. I would love to get into development. Thanks for sharing. 

@Dane Larsen

Ahh Bellingham!!! The dreamland. My wife and I talk about moving up there all the time. I am huge into mountain biking and Bellingham has great biking right in town and within a few hours are a handful of other world class biking hours. Such a great place. I would love to own property up there. 
Unfortunately, like most of Washington State it has just gotten too expensive up there. There are some more affordable surrounding areas though. Cool spot man. I’m jealous. 

@Vaughn K.

Cancer is still a terrible comparison. We can just stop with the comparisons because we are in completely different ball fields. If you are trusting in politicians and/or your top resources are social media/tv then I can see why you are freaking out. We can go way down the rabbit hole here but This is where I see the problem and where I become frustrated. I have no idea who to trust. One group of folks says one thing and another group of folks says another. We will differ here but I have a hard time believing most of what I hear on tv and from social media. I feel they will do whatever is needed to get the masses to follow.

I personally have chosen to trust Tom Hanks. He is a guy you would trust, right? Poor guy spent years alone on an island and survived. He has no reason to lie to anyone. He got it, is now better and is telling everyone not to freak out. Be Prepared, and be smart, yes but, freak out, no. I am extremely concerned for the economy and people who may lose their jobs. That is more concerning to me than the virus itself. 
As a side note, I am one of the folks that is said to be more susceptible to dying from the virus as I have had diabetes for 30 years so I most certainly am aware and do not want to take chances. Maybe being in the field, being educated, and having common sense inspires confidence (I am not saying that you are none of the previous). That or I am completely ignorant lol. Time will tell. 

@Vaughn K.

I completely understand what an analogy is and how they work. Your analogy is a terrible comparison. They only similarity is that if neither is addressed they will get bad. They otherwise are very unlike each other in regards to cause, or treatment. The bottom line is that I don’t like your attitude towards or assumptions of people who may have different feelings than your own. We are both in the Seattle area. I would love to meet you for coffee one day. That is of course after quarantine is broken, you wash your hands, and I leave the bar after picking my nose and eating community pretzels.  

@Vaughn K.

A gangrenous toe and this virus is a terrible comparison. Two things that are brought on and treated much much differently. Again, I in no way said this isn’t serious but I did say is that I feel it has gone too far. I am aloud my opinion. I am not on the same wagon as you and that’s ok. The fact that you are bold enough to blame me as part of the reason this virus is spreading really kind of pisses me off. Both my wife are in emergency health care. Both of us work with and care for sick people all the time. The both of us have had to go to several meetings and briefings for covid19. I get my information straight from a group of doctors and medical providers who are in charge of running major hospitals. It is me who is around and working with this virus first hand. What do you do? Where do you get your info? Facebook or some Media related source? Again, I will state that I never said this wasn’t serious. It is.  I have a newborn at home and stress every day that I could be infected and give it to her. They have said it hasn’t affected the young as much. I don’t want to take the chance. I work with communicable diseases all the time. I am smart, and I am cautious. For you to tell me I am part of the problem is purely ignorant. 

@Alan M.

I don’t care who you trust sir and I most certainly didn’t say trust dr Drew. I said to listen to what he is saying. He is an educated dr just like the rest, does his opinion not matter because he is not in the same boat as others? This virus is not effecting children which is much different than the flu so I would say it is affecting a lesser portion of the population (please tell me how I’m wrong). I am not siding with the flu and if you read my post I was not saying that this is not serious. It is. I don’t want it, and I don’t want anyone to get it. With that being said, I think it has been blown up beyond what it should and it is fair for me to have an opinion. As far as sheltering in place goes, Once there is action taken everyone has to follow suit my friend. There is too much liability not too. Lots of folks have voiced their opinion on this forum (that’s what it’s for) and lots of people have both agreed and disagreed but you are one of the only who is trying fire at folks for assuming their opinions were wrong. I have already wasted too much of my time responding to you. I would rather have a conversation than an argument. 
ps. I was much more concerned about Ebola. Not much chance for you at all if you get that. No biggie when that was around. 

@Dillon Rowe

I’m wondering the same. We have a higher end flip sitting for sale right now and I’m wondering if we will have more buyers because people are motivated by rate cuts or if we will have zero buyers because people have the fear of losing their jobs right now. Hard to say but I’m not very excited about it. Another question I have is even if we find a buyer will they be able to get financed in a reasonable amount of time. With the influx of folks wanting to refinance I don’t think the banks will be able to handle the masses.