All Forum Posts by: Kalen Jordan

Redfin data looks pretty good and I believe comes right from MLS:

https://www.redfin.com/blog/data-center/

That said the numbers look different from that Texas A&M data source for Georgetown.

Also ran across this data source specifically for TX which is *awesome* I think it pulls directly from the MLS:

https://www.recenter.tamu.edu/data/housing-activity/#!/activity/Local_Market_Area_(LMA)/Temple_(Temple-Belton_BoR)

I assume most states have some kind of equivalent?

I've checked a number of markets and zillow and bestplaces.net show very different numbers. I also subscribed to neighborhoodscout and it tends to align more closely with bestplaces.net at least on a few that I checked (per-report pricing on neighbhoroodscout is brutal!)

That's interesting because I thought the whole purpose of the FHA loans were to help people with lower incomes to get into a home with a lower down payment since they wouldn't be able to put down a more normal level of down payment.

"FHA loans are federally backed mortgages designed for low-to-moderate income borrowers who may have lower than average credit scores"

https://www.investopedia.com/terms/f/fhaloan.asp

Is it just basically a loophole that even high income people can use to house hack?

Are there any private forums/communities for SFH investors to share data on their investments anf feedback on providers/PM's/markets/etc?

Have run across some private groups for non-SFH that are super useful.

As awesome as BP is one of the biggest issues is that people don't share negative feedback publicly because they don't want to put people on blast. 

Taking a look at a particular city and seeing very different numbers on bestplaces.net vs. zillow - is zillow just not accurate?

https://www.zillow.com/georgetown-tx/home-values/

https://www.bestplaces.net/housing/city/texas/georgetown

What are the risk factors that push risk higher? I assume that capex expenses and changes in the market could be two, but wouldn't you just need to properly budget for the capex expenses? 

And re: changes in the market, what if the market is continuing to appreciate strongly? Aren't you better off staying in a deal that you got into 5-10 years ago having enjoyed that appreciation and looking forward to more strong appreciation?

Is the same true of SFR's where it's common to long term hold them and then get a pop in CoC when your mortgage is paid off down the line?

Interesting - I'd have thought that holding it essentially forever and having the tenants pay off your mortgage and then getting a pop at that point would give you the best ROI - similarly to how people tend to long term hold SFRs.

I realize additional capex expenses come into play down the line but don't you just have to properly budget for them?

Seems like pretty much all the syndications I've seen recently exit within a short number of years - I'm curious why they don't hold long term?

Yeah I know! I actually wasn't super interested in TX - moreso in KC/Indy but I'm warming up to Dallas just based on them. It seems like PM is such an important piece of the puzzle.