All Forum Posts by: Marlon Lacayo

Alora, pleased to meet you over BP! Thanks for the offer. I'll send you message.

 Any chance you could pass along the details? Would be great to meet some people.

Great, pleased to meet you, Keith. I'll absolutely keep you in mind as I get going.

Any idea if someone has organized some sort of virtual meeting place for real estate folks? Wonder if there's a way to get acquainted with people without being able to show up to a REIA in person.

That would be great, Nick. I've gone ahead and sent a connection request.

Hello, all!

I'm a new investor looking to get my start in Indianapolis. I'm looking to BRRRR two properties this year and try to double up every year after until I hit 30 properties.

I'm looking to meet other like-minded investors, agents, lenders and PMs. I'm a persistent and driven professional with a background in finance and economics. I hope to hear from all of you and build lasting beneficial relationships.

Let's swap info, make connections, and take the crossroads of America by storm!

@Collin Schwartz Inspiring!

@Carlos Ptriawan 

Sure, the fed can keep printing dollars and keep interest rates low. That's basically how they're playing "weekend at bernies" with the corpse of the stock market. Right now prices are going up in housing, yes, but my understanding is it's largely a supply/demand imbalance. Increasing asset values today isn't a marker by itself that the market is healthy.

More importantly, unemployment and mortgage default are getting VERY high. Similar to 2007, people are becoming less and less able to pay their mortgages. Then it was driven by predatory lending and subprime home buyers. Today it's because the lock down and Covid has potentially nuked a lot of employment.

If enough people start defaulting and getting foreclosed on, the supply of housing is going to shoot up and costs would come down. The people on forebearance are going to get called on their mortgage payments starting in March 2021 and then we will see who's actually able to pay and who gets evicted and foreclosed on.

@Account Closed

I wouldn't even call myself a forecaster. I'm just regurgitating what people smarter and more experienced than me are saying. Really just trying to get a holistic view as I prepare for my entry to the market. 🤷‍♂️

@Brad Hammond

I hope you're right! There's just a handful of markers that seem to mirror 2007 that myself and others are getting wary of. 

Hello, everyone!

I'm a new investor that was keen on getting into the real estate market in 2021. As I'm reading more and more I'm seeing a pattern of belief that we are headed toward a real estate crash. Unemployment is very high with around 13MM people jobless. Many homes are having their foreclosures delayed through 2020 with much of it coming due in 2021. Home inventories are quite low and a number of people are buying properties in a flurry only to experience buyers remorse immediately after. 

Many seem to believe that in 2021 we will see foreclosures begin, a full price crash starts in 2022 as inventories skyrocket in the face of delinquency and foreclosure, and moving to 2023 and beyond we may see a continued down turn similar to 2008.

What are peoples thoughts on 1) the chances this is the US markets real estate future, and 2) what strategies can I employ in 2021 to get involved in real estate without losing my position in 2022.