All Forum Posts by: Steven Caldwell

I get confused when I hear people talking about how many deals they've done? Or how many single family homes they own? I dont think this metric neccesarily contributes to the making lots of money.

Why not just go raise some money thru a syndication or joint venture and buy a 100 unit apartment building that has a cap rate of 6 or more. And yes there are deals like that out there. I'm looking at 2 right now. And because you can afford a real property manager you don't care where they are located.

Food for thought.

@Steven Caldwell Current rent says about $2,500 adjusted that just to see if I could make this make sense to do. But havent slept on it, I agree with you. Just can't do this deal.

Hi, my name is Mario and I am brand new to real estate investing. We are a family of 4 and looking for our first investment opportunity and seeking advice from the BP family. Our plan is to purchase a multi-family home, live in one unit and rent out the other. We have roughly 100K available and plan to purchase with an FHA loan. In your experience, does this seem like a reasonable plan or would purchasing a single-family home to live in for 1 year, then renting out be a better option? Any advice would be appreciated!

Financial obligations (bank payments + rent) as a percentage of disposable income is at a 40-year low.

The average household wealth of the bottom 50% of households is at a historic high...there is no comparable period whatsoever.

If you back out real estate gains, net worth is over 100% higher than pre-pandemic levels for the bottom 50% of households.

Bank deposit balances of the the bottom 50% are $10,000+ and $3,000 above pre-pandemic levels, and kept increasing in 4Q21 after 3 quarters of increasing inflation and lower fiscal support payments.

Nominal wage growth for the lowest income quartile is growing at the same pace as inflation (most important stat on the page).

2020 had large gains in real wage growth; so, even though real wage growth is severely negative for the past year, the 2-year trend is break even.

If real wage growth is -1%, it would take ~6 years to burn off the excess savings of the average bottom 50% of households. Even at -5%, it would take over a year.

Job openings are at all time highs; so, wage growth should continue, particularly for the bottom 50% of households.

The statistics for the lower income consumer look strong.  Time will tell how long that holds up.

Hi,

This is my first time posting here! I recently started renting out one unit in a building I bought during COVID on Airbnb and am looking to hire a cleaning service (I have setup all the other processes to be nearly 100% automated). Any recommendations as to companies? I have reached out to Hostly but would love to hear if any other companies are recommended.

Thank you,

Joelle