All Forum Posts by: Tony Angelos

Hey @Rey Gonzalez, this time in 2020 there were about 1.5MM SFH for sale in the US, and today there are only about 1MM. The fed has signaled rates will remain low for the remainder of 2021. I have multiple clients just waiting for something competitive to come on the market that they can see themselves living in because there is just not enough.

People concerned about mass foreclosures also... This year alone has buoyed a lot of homeowners to where if they had trouble repaying they can just sell as opposed to foreclosing or doing a short sale. This would maybe lower prices a bit but wouldn't be as significant as foreclosures.

If a deal makes sense today, you should not shy away from it. I remember in 2015 people were calling the top of the stock market and a good friend of mine who is a portfolio manager moved a lot of his funds to low duration bonds waiting out the pending crash....The market is up 101% in the past 5 years. No one knows for sure but as the saying goes, "Time in the market is better than timing the market."

@Ross Bowman I think the reason they're all blowing up your social feed is because that's how social media marketing works 😂You probably talked about it to someone out loud and BOOM.

Peaks and Troughs are very macro concepts, but real people don't live in that world. I'm in Chicago and if they say the Chicago market grew by 8% in 2020, I assure you that is not a uniform number and real people experienced variable growth.

If you're a long term investor and buying a deal makes sense, it makes sense.

Hi @Isaac Lane, welcome to not only bigger pockets but the Chicago land REI community. There are a lot of friendly people here who are great resources. As others have mentioned, please check out the straight up chicago investor podcast as well as the website. We have a lot of great resources there to help you continue learning!

@Nole Harrington glad you found it helpful. I hope you have a great flip!

@Brian Armstrong Not familiar with the Portland market, but it is a similar story everywhere. There are deals on the MLS, especially for flips. You just need to keep underwriting these deals and if they're 20K more than what you want to pay, why not offer 20K less than ask? Worst thing they say is no. If the properties are sitting, the market agrees they're not competitively priced.

Alternatively, if they're all going fast, maybe you should reevaluate your inputs to see what others may be seeing but you're missing.

Hi @Gio Fuentes where are you from? Maybe you should post another message that you're looking for CPAs or tax planners in your local area as some may have key words setup to see messages like this.

@Blue Rybo-LoPresti First, congratulations on committing to building your real estate portfolio as someone recently out of college. Definitely the right step. If they said no, you just need to find someone who will say yes. Posting on here that you're looking for a lender in your area should solicit some responses of investor minded lenders.

following this also

@Nole Harrington Those are both good, but honestly I'd say youtube is better. It's more specialized. If you need to take out a jacuzzi tub well.... there are a dozen videos on it. But how you learn is not by watching, but rather by doing. If you're DIYing, doing a live in flip and going room by room slowly is the best way. Asking the professionals at department stores specific questions, and when a subcontractor comes, just watching and asking questions too. Understanding what and why they are doing something.

Hey @Aaron Hartwig that's awesome. The Chicago REI community is very active and there are a lot of great people who can be resources. Staying active on bigger pockets is a great step in becoming an expert 😎