All Forum Posts by: Account Closed

All that I know is that I have busier than ever since June of 2020 taking over property management for thousands of investors jumping into the Kansas City & San Antonio markets.  I have signed over 300 Single Family and small Multi-family deals in the last 90 days!  Our delinquency rate has stayed below 1% and our occupancy rate is over 97%, so if anything, it has only made our business grow.

Someone is going to bite the bullet somewhere.  You can't just say you can't foreclose.  Everyone will quit paying the mortgage and rent.  Investors aren't getting paid and will not buy anymore loans.  Best bet of that is with Biden.

@Account Closed that's become very common these days, every other person online is selling a course on how to get rich overnight yet they've never done it themselves. Unless you're referring to established companies, in that case you can find plenty of examples of your point. 

First and foremost as an American I hope the market doesn't take a hit. Unfortunately history proves that it is inevitable. Personally I believe COVID will impact the real estate market but because of Government intervention it has been delayed... which also means when it does happen it will probably be pretty bad. I believe the CARES Act will inevitably be the #1 factor. Reason? Folks who are laid off because of COVID are able to delay mortgage payments, taxes, etc. however, once the economy starts picking up these folks will have to pay back everything owed. Given the long length of the pandemic many folks may have 6-12 months worth of back payments due which obviously they will not be able to make. This will lead to foreclosures and may even start to ruin some smaller banks. At that point things could very easily spiral out of control as we saw in 2008.

Of course, I hope I am wrong.....

When people are running to something turn around and run the other way quickly. Residential RE is not looking very safe at the moment. Everyone keeps saying, there is such a huge demand for single family houses. This might be the case while people wait out covid. Which by the way is not over. Second waves and re closures are happening all over the country. Inventory will change dramatically when the moratoriums and forbearance is over. I think investor are really underestimating what impact this is having on small business all over the country. IMO this is what will pop the bubble we are in. 

https://www.cnbc.com/2020/09/1...