All Forum Posts by: William Costello

Housing demand has outpaced supply for years prior to the pandemic, and demand has only increased since then. Compounding this problem is a materials and labor shortage, such that now, building more housing is more expensive and takes longer to complete. In addition, to a very competitive housing market. Multifamily construction has continued, and single-family home builders have not been as active. Now, this could just be a blip and a brief shift in housing construction in the second half of 2021, but, given how tight supply already is, any shift in housing construction deserves attention. Especially in hot Sunbelt cities such as Charlotte, Atlanta, Austin and rest of the sunbelt demand is through the roof with alot of attention on it with new builds. In some tertiary markets as well trends are shifting more into the multifamily space instead of the single-family sector.

@Mike Dymski I'm a Packer fan so I am biased, would recommend going there during football season

Based off the US News and World report it says Huntsville. Woodlands outside of Houston is a great place too

@Mike Dymski Green Bay is a market I'd like to get into

@Bjorn Ahlblad have not heard of the high crime rate in Huntsville, AL. Where did you get that information if I may ask? Thanks 

Existing home sales dropped in April for the third month in a row, slowing to a pace not seen since June 2020. 
A decline in demand was expected as interest rates climb and sky-high home prices continue to rise. Economists say the trend will likely continue. The inventory of unsold homes on the market also jumped in April to 1.03 million units. That's up 10.8% from the month before and down 10.4% from April 2021. How do you think that will effect the investment apartment community going forward? 

Americans are shifting their priorities when it comes to where they want to call home amid sky-high housing prices, and that revelation played a role in a Southern city dethroning a Rocky Mountain destination as the top spot in the nation to live according to a new report.  Huntsville, AL was voted No. 1 on the US News and World Report annual best place to live this year (2022) passing Boulder, Co.  What other tertiary markets do you think will follow this trend? 

@Jay Chung do you own any other properties in the Indianapolis area? 

@Nathan Zierer sounds like you are doing all the right things, I would suggest going to real estate meet ups in your area, networking on BP, LinkedIn and your natural network. Have you thought about syndication at all? It is a great way to invest in larger projects and work with a team that has scaled up into the larger investments. Best of luck

@Ivan Aldana Cleveland is a growing city and definitely was on the come up in recent years. I would suggest going to an area with a path of growth seeing the gentrified areas with some opportunity. Best of luck