All Forum Posts by: Samuel Coronado

 This is on my mind a lot as well. This is also why real estate isn't built up too much at once and comes and goes in waves. RE is a very a depreciable asset. It requires a lot of updates and maintenance. Those people who think they will automatically get $800,000 for an aging house were right in 2020 but not today. Those houses very often just sit and rot, get destroyed and turn into empty lots. The supply and demand move in tandem with a lag. Scarcity is built into the whole system. As 30% of the population goes into the next phase, there will be opportunities to buy and markets to run from for sure. 

Demographics is destiny.

Florence, AL is turning around its aging problem through new transplants while Huntsville, AL is trying to stem the new development because there's too much housing and jobs here and not enough infrastructure when it comes to schools, healthcare, etc. Like others pointed out, this will not be a collective downfall across all areas of the US. There will be a pull and tug and various areas. 

I keep running into a road block. I am on my first BRRRR and the issue is lenders keep only wanting to lend on 80% of the purchase price and not the actual appraised value, which would keep my money tied up on the rehab portion as well as 20% of the purchase price. Is there a way to get the 80% of the appraised value out? Is BRRRR dead with institutional lenders? Or am I missing something?

My personal credit score is a 780 and I have multiple other properties but still not busting the DTI metric.

 Thank you very much! 

Will this be recorded for playback later? 

 Im shooting you a message about a deal I am currently working. I believe it fits your parameters. 

If interest rates drop, prices will go up. What were are facing to an extent never before is the amount of institutional interest and private equity who are willing to pay large sums for no returns in the short term and just sit on these properties. That has been a factor since the 70s, but never to the multicentibillion extent it is today in key markets around the US and other parts of the world. Interest rates may not even faze them since many of these are all cash deals. 

 Do you do these loans? I have one I need done

I was searching TSP for unrelated things, but I am curios to see how this worked out with the way the stock market soared to ever new heights in 2023 and 2024 in tandem with the real estate market.

Is this park in Huntsville, AL? I can access some capital to buy in and also know lenders that I've worked with that can do these kinds of deals if the money is right. What do you mean by it profits 84%? Is that Cash on Cash return, IRR, etc? Does that take into account a 400k mortgage at near double digits on a 15, 20, or 30 year term?

Would love to talk. If it's in Huntsville, I can get boots on the ground TONIGHT.

Cody, how are you? We have exchanged messages before on Facebook about moving mobile homes. Would love to talk about this opportunity as well. 

How much are you needing? What is the collateral and return?