All Forum Posts by: Shannon Robnett

@Jay Hinrichs good catch you are right the year I was actually referring to in my post was 2006.  Both price and interest rate were fairly accurate in that year in Boise Idaho.  To further emphasize my point rates dropped in 2007 and prices jumped.  

@Bennet Sebastian Syndication Pro will do it right @Tj Lokboj!

@Justin Thorpe But did the overall cost of housing really increase?  I mean I get that the amount the house is purchased at has increased but take a deeper look at the true cost of ownership.  3 examples

2009 you could have bought a 3 bed 2 bath for $175k and put an 8% mortgage
on it and paid $1284 monthly and in 30 years you would have paid $462K
for the house.

In 2017 you could have bought the same house and paid $250K for the
house with a 5% mortgage leaving you with a payment of $1342. In 30
years the house would have cost you $483k.

And lastly in 2020 you could have bought the same house for $350K at 2.75% interest and in 30 years you would have paid $514K for it.

So when we look at our economy did your house really go up in value $175K? Did you money go down in value sure because of the fed pumping fiat currency?

or

Have you really only seen a moderate rise in total cost of 30 year
ownership($52K divided by 22 years is 2.6% appreciation) but your
monthly housing ownership cost appreciated even less?

@Venkata Yerubandi you are already fast tracking your learning!

@Justin Lester and I think that can be said for so many markets honestly!  It all comes down to networking until you  have a sufficient comfort level and then deploying your selected strategY!  Best of luck to you in your search @Leilani L.!

Right @Duke Giordano and I guess my point is you really can not set that aside. let me give this example of two cars.  A Ford Festiva and a Rolls Royce.  Both have 4 tires, doors, windows, seats and all the other components that make them automobiles.  You can do a side by side comparison until you are exhausted.  And after you have done all the calculations from every angle imaginable there is still one very distance thing you can never over come and that is the price disparity.

Some will argue that the comfort is not worth it while others will argue that it is and the list of pro's can con's will only expand from there as will the arguments for and against each car.  The same is very true with the people you are getting into business with and personal experience is not something you can ever buy but you can always rent it.  And experience will always show in the finished product.

@Jacob Pereira and as my original post on this forum was simply that Bois, my home town, is awesome and you should take a deeper look at its over all market not just pricing.  But thanks for the knowledge about data and how it really works.  

@Ryan Kelly nor am I throwing shade on Austin.  I am just pointing out that your reasoning for Austin not making the list, because Texas is a ND state, may not be entirely correct.

@Cherif Medawar you are so right about getting rid of the tax man.  When you are able to put 35-50% of YOUR money back in your deals it has a huge effect on how thing compound in your life.  

Now are you going to teach me how to put a fund together this year?

@Duke Giordano One of the most important metrics that you do not have on here is to thoroughly evaluate the sponsor.  This is vital in trying to figure out if the deal is going to work.  And its not always bout the # of doors they are an LP or a GP in, its track record.  Its what has the history of their company been?  How long have they really been in real estate and what are your qualifiers for them to get my money!