All Forum Posts by: Solomon Floyd

While many of you have been wondering about the future of interest rates and the economic climate, it seems a very overlooked area is diversification. You will need to start applying your allocated income towards CASHFLOW. This will offer greater significance as debt sources dry up. Having a reliable source of cash generation will be key, for those without income producing property or the means to invest heavy. The solution is to diversify into prodcuring REITs and funds with established portfolios and preferred rates of returns. These companies allow you to invest with minimal cash, while protecting your money with a large real estate portfolio spread across multiple assets classes. All this to say, the best thing to do now if you don't have what you need to invest in your dream deal. Place those funds into a REIT or a fund, there several paying great dividends quarterly and offer security for the long term.

While many of you have been wondering about the future of interest rates and the economic climate, it seems a very overlooked area is diversification. You will need to start applying your allocated income towards CASHFLOW. This will offer greater significance as debt sources dry up. Having a reliable source of cash generation will be key, for those without income producing property or the means to invest heavy. The solution is to diversify into prodcuring REITs and funds with established portfolios and preferred rates of returns. These companies allow you to invest with minimal cash, while protecting your money with a large real estate portfolio spread across multiple assets classes. All this to say, the best thing to do now if you don't have what you need to invest in your dream deal. Place those funds into a REIT or a fund, there several paying great dividends quarterly and offer security for the long term.

Quote from @Chris Webb:

I curious why this matters? NAR has 700K listings nationally (pulled today from realtor.com), even if all 17,733 were on the market it would be less than 3 % of total listings on the market.

I agree with you, while it's a solid number of homes the overall affect on the market is minimal. When you factor that most of their homes are owned in primary and secondary markets its a blip on the radar. It makes sense that OpendDoor is selling off homes, why hold on to inventory when you can offload it with steep seller discounts?

Great post and good advice. Do you recommend any other media or news source?

One of the most effective strategies we have used is to charge for utilities and renting our units pre-furnished. It changes the tenant type and rental length, but it may be best to find a deal where the numbers work out in your favor. 

@Henry Lazerow is correct. By targeting a secondary or tertiary market instead of a primary you may be able to target your purchase price. The rent may be a different story, so you will need to do your research and meet with property managers to assess the trends for rentals. Either way, the cheaper you go the more you will spend, especially if you want it done properly the first time. 

Nothing beats a weekend trip to a possible investment location. This will give you a much deeper insight into the market. I'd plan meeting with Realtors, wholesalers, and maybe even some property management companies. It may cost more, but you would have done it the right way. 

About this event

Reunion Investments is the host of Cigars & Real Estate, a monthly real estate event for professionals looking for the chance to connect in a relaxed setting with no pressure. Our event is designed to bring together newbies, veteran investors, qualified vendors, and market experts together for a great night. Join us for an amazing night of FREE Cigars and Real Estate Networking! You can RSVP HERE

!This event is 21+ Years of Age!

Keynote Topics:

• Selling Homes With Higher Interest Rates

Activities:

• Attendee Networking
• Vendor/Sponsor Networking
• Sponsor Speakers

Risk Agency Commercial Joey Bertrand:

Personal and commercial lines insurance brokerage. Specialized in residential investment properties and main street commercial buildings.

Goosehead Insurance Joey Bertrand:

Commercial insurance brokerage specialized in all things real estate development. Covers construction, multi-family and coverage for any type of commercial building.

RedZone Mortgage Michael Jungen & Aria Rafiee:

At RedZone Mortgage Group we strive to make you a client for life. We want to be your first choice each and every time you need a home loan. We always try to go above and beyond for you so that you will always feel confident referring your family and friends to us for their mortgage financing needs.

• Open Bar (with purchase of Reunion Membership)
• A Day at Spa Castle Raffle

Dress Code:

• Business Casual
• Please Bring:
• Business Cards
• Smart Phone
• Photo ID

Awesome background, congrats on the success. My best advice is to do something you love, if it's a podcast then make that move. When I got to where you are I focused on building my fund and growing other people's money, once that was established I targeted small business ventures (coffee shops, bars, adult stores). It seems like you are an unstoppable force, so whatever you do I imagine you will do great. Keep up the good work. 

Right on man, I am always looking to grow the network. Reach out anyytime.