All Forum Posts by: Preston Roach

Hey Harley, man I wish I had your ambition at 18! There is normally a meetup every month in Tulsa. There's also a REIA group that meets a couple of times a month. What type of investing are you looking to focus on?

Hi CJ. I realize this post was made 3 months ago. I noticed you made another post around the same time asking for help with costs on demo. I would highly recommend J Scott's book on flipping houses, and his book on estimating rehab costs. It helped us determine a flip budget that was extremely accurate. I hope you are doing well and everything worked out for you!

Hi, Lian! Welcome to BiggerPockets. As James said, the best start is to listen to the podcasts. I've listened to almost all of them over the last year. It is amazing how much information is in each episode! Best of luck on your investing.

 Yes, that's true. The real estate sector only increased by 10.8% last year, compared to some other sectors that were in the mid 20s, but this year it is actually losing money while almost every other sector is still booming.

 The companies on the list weren't just performing below average, they were actually losing value this year. Your theory is very interesting. You're basically saying that individuals who are running their own portfolio will have better returns because they are focusing more closely on adding value to each property. I do agree with that for the most part. 

I suppose it could be poor management decisions that would cause these REITs to lose value, but what has me questioning it is that they are mostly in different industries. It's not just multi-family REITs. There's also a self storage company among others. Also, NONE of the top performers are in the real estate market. As a matter of fact, the real estate sector as a whole has a total return -2.6% so far this year. The only other negative return sector in the S&P 500 is utilities. Everything else has posted positive returns so far this year.

I was reading an article on another investing website that broke down the best and worst performers in the S&P 500 so far this year. The list of the 35 worst performers had a whopping 13 that were REITs. Not all of the REITs are in the same market. What does this mean to the Real Estate industry as a whole?

Looking forward to this! The meetups are always a great time. Thank you, Deren, for putting it together.

@Gregory Blane Hoag @Ashleigh Delarzelere @Chris W. @Stephanie Brown @David Sheppard

My condolences for your losses, @Jeff Filali 

Congratulations on your "blue collar retirement plan" that allowed you to take the time to be with your family when you were needed most. You have been very successful over the past two years. Here's to your continued success!

Hi Stephanie!

Welcome to the forums. Getting started in flipping is a great way to earn some additional capital, and it's also a great learning experience. There are multiple podcast episodes about flipping, but two that I would recommend listening to right off the bat are episode 209 and episode 235. There's also two books published by BiggerPockets that are great for the beginner "flipper." They are "The Book on Flipping Houses" and "The Book on Estimating Rehab Costs" by J Scott. We used these books to map out our first flip and estimate our rehab costs. They have been extremely beneficial. Your background in interior design will definitely help you finish out your homes to sell quickly.

Best of luck!