All Forum Posts by: Hersh M.

I was thinking about this very topic after the hurricanes and the wildfires. And ofcorse the Big One could strike any time. I assume the insurance costs would keep going up for anyone who doesnt want to sacrifice sleep.

Here's a solution from zombie industry. Lol.

1 Vote

Originally posted by @Brandon Turner:

Anyone have any experience with a establishing a DST (" Delaware Statutory Trust ") or know anyone who does?

A friend of mine has a great syndication deal on an apartment in Arizona, and I want to put my 1031 money into it. BUT the only way to put 1031 money into a DST is through a TIC (which we don't wanna do) or form a DST. BUT the deal is fairly small (2.7M purchase price, 1.2M raise). So I need to find out if I can establish a DST for this deal and can dump my 1031 proceeds into it.

(I've got 9 days left to identify my replacement property... and starting to get nervous!) Help!

When I search for DST on BP, 23 people and 10 companies show up. You might wanna directly contact them. :) Good luck.

1 Vote

Originally posted by @Matt M.:

Originally posted by @Kris Wong:

Moody's ranked Austin #1, Atlanta #2, based on their analysis. I saw another "quick & dirty" analysis that put Denver #1. Opinions are like... well, you know the rest. :)

Just saw some online betting company put Denver at 20-1 odds. I think our shot is much better than that.

Yeah, I am keeping an eye on this gambling site - http://www.paddypower.com/bet?action=go_event&cate...

People betting with real money. Currently Atlanta is leading. But Austin is not too far.

1 Vote

https://www.cnbc.com/2017/10/25/new-homes-sales-se...

I find this fact interesting - "More than two-thirds of the new homes sold last month were either under construction or yet to be started."

Sounds like a stampede on new homes. When was the last time we saw this?

Are you or your boots on the ground seeing this happening around? Did you or anyone you know put money on a yet to be built home? Any other observations or comments?

0 Votes

Originally posted by @Caleb Heimsoth:

None of the above. Austin Texas

Lol. Good one. Are you sure you want 50k people coming in and messing up such a nice place? Also amzn has whole foods connection there.

0 Votes

Originally posted by @Brie Schmidt:

I can't open the article but I would be very very happy if they choose Chicago.

Ofcorse, you would ;)

0 Votes

Originally posted by @Josh Stack:

I've posted this in the "Real Estate Success Stories" forum but perhaps its would fit better in the "Real Estate Life Lessons Forum".

There is a ton of talk in the media but also on these forums of the precariousness of our national and global financial structure and the values of assets as currently traded. Ray Dalio is even our comparing the state of the the economy to the late 1930's. I also hear on all sorts of podcasts allusions to the 2008 crises and how the guest of the week "lost it all" and has spent the last decade rebuilding but this is rarely if ever delved into deeply.

The question I have been pondering for the last 24 hours is then, if we take it for granted that an economic fall is coming, and that may have some effect on the property markets (prices, rents, etc), what then do we do to protect and position ourselves. A simple answer may be to have plenty of liquidity and don't over leverage yourself but what then if you are trying to build out a portfolio where your tools to growth are leverage and reducing liquidity?

I would be very interested to hear from long time investors who have weathered the storms either crashing-and-burning and coming out stronger or simply getting through the cycle bruised but not battered.

Having searched for a topic and thread like this one, I don't think there is one quite exploring this aspect of real estate investing where we lay bare all our failures but it would be incredibly instructive to us newbies to learn from those who have gone before and come out the other side weary and with scars to show from the battle.

Hope you will find int in yourself to share so those of us who are new can learn.

A while ago, I was trying to dig up old posts like from 10-12 years ago on BP. Found out most people from back then are no longer here, probably accounts closed. Though Josh used to be much more active back then in the forums ;) My guess is 95% or even more members here are post financial crisis. Would be good to get people with 15+ years experience on the podcasts.

2 Votes

As per Forbes "experts", these 4 are top candidates. Any takers?

https://www.forbes.com/sites/kurtbadenhausen/2017/...

0 Votes

Originally posted by @Account Closed:

How did apartment buildings fare during the great recession ???

Real estate crash is like an earthquake with multiple epicenters. Some locations heavily impacted. Others not so much. Very location specific.

BP podcasts should try to get guests who were active during the crisis of late 1970s-80s.

0 Votes

Some interesting regional data in this article - http://www.mercurynews.com/2017/09/15/job-losses-j...

The Bay Area lost 4,700 jobs last month — the worst month for employment losses in seven years, according to seasonally adjusted figures from the Employment Development Department.

Santa Clara County’s strongest industry in August was the technology sector, which added 600 positions. The weakest industries in the South Bay were hotels and restaurants, which lost 1,800 jobs; construction, which eliminated 600; and retail, which shed 400 positions, the Beacon analysis showed.

The East Bay’s strongest sector was health care, which added 2,400 jobs. The most feeble industry in Alameda and Contra Costa counties was construction, which chopped 1,500 jobs.

But in the San Francisco-San Mateo region, construction was the strongest industry in August, adding 1,600 jobs. That region’s weakest industries were technology, which slashed 2,100 jobs, and health care, which lost 1,200 positions, Beacon estimated.

3 Votes

All Forum Posts by: Hersh M.

Hersh M. has started 58 posts and replied 280 times.

Post: Extreme Weather + Natural Catastrophe Risk Management

Post: Help! DST - Establishing a Delaware Statutory Trust

Post: Amazon HQ2 - Atlanta, Chicago, Cincinnati, and Dallas

Post: New home sales surge to highest level in 10 years

Post: Amazon HQ2 - Atlanta, Chicago, Cincinnati, and Dallas

Post: Amazon HQ2 - Atlanta, Chicago, Cincinnati, and Dallas

Post: LESSONS LEARNED - What would you do over from the 2008 crisis?

Post: Amazon HQ2 - Atlanta, Chicago, Cincinnati, and Dallas

Post: How did the 2007 housing bubble affect investors of buy and hold?

Post: SF Bay Area Economic & RE Update (Ongoing)