All Forum Posts by: William Costello

@Hellary De Los Santos Matos you can definitely find opportunities out in New Jersey and out in the Westchester area people wanting more space than actually being in the city itself. Good luck!

@Mona B. Specializing and teaming up with a great syndication group is a great way to break into the real estate investment world. Underwriting is a very valuable skill as well as connecting and finding investors. I would also suggest networking a ton. Going to real estate meet ups in your area and being very active on LinkedIn

@Steven Rosenfeld "The hands-off investor" by Brian is a great read, gives great insight. One thing that stood out to me was Brian states that you are not just investing in a certain deal you are investing in the sponsor. Think that is very true because end of the day you are building a relationship with them and teaming up. I would do more due diligence and find a group that fits what you are looking for. Best of luck.

@Kaylee Walterbach definitely being persistent, networking and being on a great team helps for sure 

Thanks @Tyler Peitzmeier, great point as well. Add Covid to that and there is more shortages. I don't see any catching up in the near future either.

The housing demand has been high since 2020 with no slowing down, and housing supply is the other side of the equation with little to no inventory on the horizon. New housing supply, inclusive of apartments, single family homes, house boats, mobile homes, and more, needs to match growing demand which has not been the case because of shortages across the country, which has not happened, prices will continue to increase. With what is happening in the housing markets apartment rents show a similar trend as average rents in the nation increase each month with room for further growth. A portion of these high prices could be due to increased investor attention, whether it’s for single family homes or increasingly attractive multifamily assets, but as noted above, investor interest is not the dominant factor here. Prices are rising because more people need more places to live and with rising cost of inflation. 

 Being diligent and staying disciplined definitely will help you during these times. Finding the right deal will happen if you just stay the course. 

@Cole Simpson do you think that rent increases will slow down though in the near future? 

I would look into single family opportunities or bigger picture with large multifamily investing. Condos in some situations can be good for STR. What markets are you looking in besides KC?

@Kevin Lee Detroit definitely has some good spots like Birmingham, Bloomfield Hills also within the city limits of Detroit you could find opportunity zones and gentrification going on that could be worth while. If you want to be hands on in the investment process being in state definitely helps. Have you considered other Midwest cities?