All Forum Posts by: Todd Nagel

@sam dangremond I like your map. LOL at Meh. 

@Jeremy Norman I have a friend who is investing in the area and he has an investor buddy who has been investing there for a long time. It can be a good market with ups and downs. Have to be property and location specific like anywhere. I am looking at the market as well. 

@Pual Moore Thank you for the Trowbridge tip> I have that book and will re-read. 

@Brittney WIlliams We have a STR in CO and a LTR in CO. We received an email that we will receive $139 or something like that from AIRBNB. We had been booked pretty well for April and May and then everything cancelled and then we lowered prices made some adjustments and have gotten many bookings but most of them were just a few days in advance of the stays. May is almost booked up now as well.

I agree with @jon crosby pent up demand should be good in many locations for the summer. Not sure that is helpful for FL. I don't know that market very well. 

What are the best structures for a real estate investment that includes raising funds from friends and family, investing in multiple single family homes as well as other real estate opportunities and that could be an open time frame or a closed time frame? 

Hello Jordan,

Great question. I am currently a real estate broker, a real estate investor and working now to sponsor my first real estate syndication. Previously I worked in the financial field as a financial advisor. The most important action to take was get started now! If you don't start you will never get where you want to be. Another of the concepts that was talked about a lot in that field was the idea of dollar cost averaging. Invest as much as you can on a monthly basis over time. I believe the same concept does apply in real estate investing. Get started. Keep saving and looking for opportunities and when they arise you mover forward with the purchase. 

Real estate as you know is all about location. I do not think I could speak for what is happening in Vegas. I would expect some return to normalcy before the end of the summer. I also might expect a slight tick up in NED filings and down the road possibly a few more foreclosures in that market based on some peoples businesses not being able to survive. However I really don't think that will have a big impact on the overall numbers and because this is not likely to be drawn out too long most people will recover. Therefore I analyze your market. Talk to a good realtor. Keep looking for opportunities and see if you can find something this year. 

Real estate markets will be affected differently based on there location. The overall US real estate transactions are going to go down. Since this comes at this time of year I imagine a reduction of 15-20%. I would expect real estate prices to drop a little perhaps 1-8% depending on the market but I think the overall price will only drop 3-4%. Transactions are still happening. I still have buyers in the process of buying and sellers in the process of selling. So many who have been affected will have opportunities to return to jobs if they desire or they may choose to stay on the unemployment. Many of those workers are not the same workers who are buying homes at this time, at least not in my market. Government is working quickly to assist. Rates are going to likely be good. I think an unknow at this stage is related to total US death toll and demographic. It sure seems this is going to affect every part of the country and therefore the results will be spread out as well. Lastly, the process of a property going from someone who passes away to the open real estate market is usually 1-2 years. So those homes will not be really affecting this real estate market anyway.

HI,

To some degree, I believe it depends a little on your property. We have a small older property in Colorado Springs, we are able to rent out at fair price, pay cleaner living wage and maintain a profit. We use a basic white towel. We also get some black hand towels with the word "makeup" embroidered on them from Amazon. Put one in each bathroom so that ladies get the hint to use those to remove makeup!