All Forum Posts by: Account Closed

I am selling the higher end homes ($3Mil to $7Mil) that my real estate fund rehabbed in San Francisco (we have 7 of these and are getting great exit prices). We are buying like crazy commercial mixed use newer buildings and locking in low interest rates. 

This market is amazing because there are a lot of real estate funds that I used to compete against but they just froze and not doing much at this time. (Some syndications are unable to even make the pay outs to their investors) 

Made the most money in 1991 (Gulf war), 2001 (after Sept 11), 2008-09-10-11 (global recession) and now (2020 global pandemic). When the market pulls back we focus strictly on cash flow anywhere nationwide and when then market goes up like crazy we do higher end flips (SF Bay Area market only). The fund has been in operation since 2009 and we've never lost on any deal and unlike a syndication, investors' money is secured by ALL the assets in it (Over $100Mil) not just one property. 

The reason I explain this is not to blindly solicit, but to explain that if you focus on a specific market and understand the cash flow of a property and and who is paying etc you can do very well in down markets because of low competition and less demand and if you are a smart operator you can add value and exit or refinance at the right time.  

Bottom line, if we need to continue this BS on wearing mask and 50 % of businesses are failing because of this so called scare!!!

There will be problems in Real estate, when people can't pay because 50 % of business is cut off.

There will be major problems everywhere!!!

Commercial properties vacant, tenants now paying now, people moving away from cities that are not in control.

Problems. Hopefully we can all out smart our polititions!

Good luck!!

Great question! I'm intrigued by this question as a residential broker and RE investor. I've been following a variety of videos online. Don't know about this topic to the degree that people that have degrees in economics, but I can talk about my own backyard; what's happening here locally. There's plenty of REIT's that need to keep their money working, therefore multiplex purchase market here is competitive and often overpriced with no end in obvious sight. Historically since 2015, the median home price in Portland has increased by about 38.7%, from $337,000 to $467,621. The forecast for single family homes forecast for Portland 2021 fall by 2%.

Reading reviews, inflation is not a problem when costs of goods go up as long as people's income goes up accordingly. 

Anyway, that's my 2 cents.  LOL! 

@Account Closed - as @Steve Morris said it's hard to predict the future.  Humans are funny creatures.  If I could've predict the future a year ago, I would've started a trampoline company, a pool company, became a bicycle distributor and bought 10,000 bikes renting a warehouse, put all my 401K money into Netflix, started a toilet paper company, oh... and I would've purchased a couple hundred single family properties.  There is insane demand out there for residential real estate for a variety of reasons and it's going to take quite a while for supply to catch up.  That doesn't mean prices will keep going up.  At some point they are unaffordable but that also doesn't mean there will be a crash.  People forget that prices don't have to shoot up or crash down... you could just have 5 years of flat or 5-10 years of prices going up a little and down a little with prices in 2025 or 2030 being similar to what they are now.  Real estate is not a liquid asset like stocks are.  The bottom of the stock market can fall out in 1 day.  Because real estate is much slower by nature (you can't sell and close on a house in 1 day) it's a little easier to read the tea leaves.  You can notice trends and act on them to take advantage or protect yourself and your portfolio.  

The problem with these threads is that the words people respond with, i.e. their "opinions," don't reflect their real beliefs. What people believe is revealed in what they do. 

I'd like to hear what people are doing. Who here is currently buying properties? Who is currently selling properties. Who is sitting on cash? 

In my opinion, it's a classic case of supply and demand. There is an undersupply of available housing units compared with current demand. Historically low rates, among other things, are driving that demand. Right now, it's a good time to be a real estate investor! Of course, with the election looming, it's hard to predict long-term.