All Forum Posts by: Ryan Kraft

so as this thread moves from talking about market trends it seems like the conversation is steering towards identifying a segment of the market that needs to be addressed all over the country possibly which is affordable housing. In my market Waukesha County Wisconsin affordable new construction does not exist. Across-the-board there's a huge market and lack of supply issue. I'd like to think if developers could build it the Millennials will come. So Developers,,, asside from government,,,, what's the solution?  I've been talking to Millennials and their interest seems to be small house,  nice lot, no maintenance.  

So far it seems like there is not an across-the-board consensus that  markets are overheated like I feel some pockets in my area are. I know a stock market decrease does not necessarily equate to a housing correction but have any of you looked at the Dow or S&P stock market graphs of the last 40 years? If not please do. If history repeats itself things are going to get rough? Conversely, we have strong underlying housing market data such as low foreclosures low unemployment, solid demand and so forth but we were in that position before  the big crash. Obviously we don't have the subprime issue which was the leading cause. Your thoughts???? 

Very interesting stuff guys thanks for commenting.  We can already see a difference in our markets. If there is anyone out there in the California Florida Arizona Seattle markets I'd love to hear from you.

Hello All, 

This is my first discussion. I would like to reach out to investors/Realtors all over to see what they are experiencing in your market and your thoughts on where the market is heading. I have a fascination with how fast real estate markets change and would like to use the Bigger Pockets community as a gauge to see if we can predict or at least be on top of market trends. I will start with my current thoughts. As a Realtor, my market in Southeast Wisconsin seems to be, to no surprise, strong. We have several locations that I would consider to be "listing deserts" which draws in multiple offers and seemingly fast price appreciation. I don't fully understand why we do not have more lower priced listings available or coming up on the market. I would think with strong markets people would be considering that upgrade house which would free up their smaller more affordable home. From an investor point of view I am finding it very hard to get deals. My go to auctions are being bid up or are being sold with squatters in them. I am doing some direct marketing but not having a lot of success and of course the MLS is too competitive to work. I have increased my 70% rule to more like 80% but still find it difficult to get deals. To you more experienced investors, is this the kind of market where you step on the gas and spend more on marketing or do you sit back and wait for the market to slow down? I am seeing some signs in the market reminiscent of the 2005 06 days.  We have a legitimate subprime auto loan bubble, wall street has securitized cell phone bills and rent payments, the stock market seems to have no place to go but down, incomes are not keeping up with home prices, Canada and Australia are facing housing downturns, foreign investors are bidding up high end homes, private commercial lenders seem to be spending big bucks on finding new customers and HGTV flip shows and investors are all over the place.... My prediction.... 2017 a great year but current market conditions are not sustainable for much longer then that unless rates go up and more inventory comes on the market,,,,, and at this point I do not feel we are on the edge of another great recession rather a correction. So there is my opinion, not saying I am right, just my thoughts. What are yours?

Steven I'm a real estate broker and an investor in Waukesha County let's connect.

 If we are still talking about marketing to distressed sellers as investors then I don't pay my vendors anything. they pay me to be on my marketing. You never know when the lead you are marketing to just wants to refinance or just wants to file for bankruptcy or whatever the case may be. Your vendor might get their own lead off the deal no guarantees for anybody though. Remember also most vendors are too busy to quarterback a marketing campaign. They will just throw money at it instead. If you're a Realtor then be careful when you start talking about paying for referrals talk to your broker about that.

 If we are still talking about marketing to distressed sellers as investors then I don't pay my vendors anything. they pay me to be on my marketing. You never know when the lead you are marketing to just wants to refinance or just wants to file for bankruptcy or whatever the case may be. Your vendor might get their own lead off the deal no guarantees for anybody though. Remember also most vendors are too busy to quarterback a marketing campaign. They will just throw money at it instead. If you're a Realtor then be careful when you start talking about paying for referrals talk to your broker about that.

side tip: I always co-market (keeping it equitably even,, Frank Dodd) to cut costs down. Call your title company, attorney, lender etc..... Your marketing costs are almost nothing and your frequency goes up. It is so easy to find other "vendors" to market with.  Marketing is trial and error sometimes. When its cheaper, you can cast several nets and see which one works the best for you in your particular farm.  I am going to start probate marketing as well. I am also interested in hearing from other marketing gurus. 

still available?