All Forum Posts by: Kristina Sparrow

My biggest tip is don't try to time the market & start taking actions steps right away.

I get around this issue by having potential new investors sign a "letter of intent to invest" with the amount they're willing to commit. This serves a dual purpose because I also sometimes use these to prove to brokers I have enough capital to close. But like Brian said there is no guarantee.

Multifamily university has a quick excel analyzer you can download for free. It's super easy to use & only has one tab.

A great marketing strategy to get people talking about him!

Hi Ian. You could do a quick google search for industrial real estate conferences near you (although this will have to wait until we're let out of our houses...). I'm also currently asset managing a $600M portfolio of industrial assets and I'd be happy to answer any questions you have.

You could check out www.datausa.io and type in the city name or zip code. This is my go-to website for learning about a new market.

Also what do you consider "good" returns?

Fellow land flipper here. It won't hurt to hold prices and keep your inventory longer than normal. As you know, the cost of holding land is minimal. Also if you end up holding longer than 1 year, you could avoid short term capital gains...

The difference is this is a government induced downturn rather than a market induced like in the past. The government forced shutdown of nearly all businesses and the recovery is likely to be dramatic once the shelter in place mandates are lifted or lessened. I've watched a lot of state of the market presentations over the past few weeks and the consensus seems to be that GDP will start to recover in 3Q and substantially pick up in 4Q. That being said, GDP growth is still projected to be negative in 2020. Return to long run equilibrium isn't likely until 2023.

Similar to what Greg said, the purchase price is completely dependent on what you want your return to be. Once you have all other assumptions solidified, purchase price should be the last input you adjust to get to your desired return.