All Forum Posts by: Renee Harris

If you see the insight data, only the following city has triple digit active inventory YoY

Austin
Vegas
Nashville
Phoenix
Northwest
Jacksonville

Other city is pretty much regressed to 2020 inventory level.

DFW?

Albuquerque, NM?

Oklahoma City?

Do that for Los Angeles, please.

0 Votes

Dallas, Texas

Quote from @David Song:

@Greg R.

Housing prices will always go up. Buy anytime. - bigger pockets.com

Reality: numerous REI lost their life savings in 2009 and maybe 2022. Over leveraging, insufficient reserve, short term loan with balloon payment, etc.

Flippers bought in Q1 2022 will learn the lesson now. Many of them are losing their shirt. None will tell you publicly.

The price decline started in April 2022, and has been declining for the last 4 months. The bottom has not been reached yet. This is nationwide, from CA to Texas, everywhere.

This is indeed happening. I'm seeing it with investors I closely work with

1 Vote

Dallas, Texas

I am wondering what investment strategy you Angelenos think would be good in Los Angeles right now? Please don't say go to another state. I am curious about Los Angeles only, in this moment and climate. I was thinking one strategy would be buy in cash and rent out and hold, til things change. But, that is a long term strategy.

Any others? Happy Holidays.

1 Vote

Los Angeles County, California

@Manny Vasquez Hi, hit me up in PM, I want to ask you a non-related question. Hope all is well!

0 Votes

Quote from @Eliott Elias:

I use this quite a bit, rates are very high. I am getting quoted 10% right now. Benefit is I can scale quick and don't have to qualify personally

How do these loans work and what do they use to qualify you?

0 Votes

New York City, New York

Hit me up Rashad! Welcome to BP.

0 Votes

Orange County, California

For the new year I hope to have my investment group set up. I have people who I have done deals with ask me for this, so we can pool our money. So I am working on setting this up and I am hoping to find a mentor in Los Angeles that knows about syndication, so I don't lose our money.

Those are my goals for 2023 and get at least 2 properties for us and we all make a profit.

2 Votes

It trips me out when people keep saying to invest out of state. I have not done it, so I can't speak to it. What I will say is that scares the crap out of me. It's hard enough for me to find good reliable help where I live, let alone 3000 miles away. I've had to go through a whole bunch of people to find some folks who do great work that I can trust here in LA.

1 Vote

Los Angeles County, California

All Forum Posts by: Renee Harris

Renee Harris has started 20 posts and replied 208 times.

Post: Looking for a Mentor in LA and/or Surrounding Area

Post: LIVE: Biggest obstacle to buying your first investment property?

Post: Housing crash deniers ???

Post: Housing crash deniers ???

Post: Investment Strategies in LA

Post: Investors are withdrawing money from REITs in record quantities

Post: DSCR Loans??? does anyone know about this product ?

Post: New to Bigger pockets

Post: What’re your goals for 2023? Let’s motivate one another!

Post: Newbie with Cash to invest in Real Estate