Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Zachary Inman

Zachary Inman has started 5 posts and replied 309 times.

Investment thesis remains the same - now it just takes a lot more work to find a property that fits. 

Post: Why I'm Buying $100M of Apartments

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

@Elijah Brown Agreed. Another factor here (as is always true in real estate) is market-specific data. Using national trends is helpful, but when we drill down to individual markets, each responds differently.

For example: the national housing shortage is real, and that gap has only grown. However, in markets with high rent growth, there will also be an influx of building contracts seeking that growth to offset their higher expenses (labor, materials, transportation, etc). This creates a concentration of builders in hot markets -- which don't stay hot forever. What this does is further widen the supply/demand gap in some tertiary markets with solid population growth, leading to long-term growth while high-growth markets are being balanced out.

Money to be made both ways; seems to me to be a short v long-term play. 

Post: Your opinion: When will transactions pick up?

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

January apartment transaction volume, tracked by total dollars traded, ranks as the slowest month since the pandemic lockdown period in spring 2020 (MSCI Real Capital Analytics). This is about what everyone expected, a natural reaction to elevated rates. 

When do you think that transactions will pick up?

Post: What company entity to own SFR in?

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

LLC is what I see most often. Simple, flexible, and effective.

Post: Is now a good time to become a real estate agent?

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

It's always difficult to get started as an agent haha. You will have some unique headwinds right now, but certainly doable!

Post: Starter MultiFamily - Phoenix / Atlanta / Indianapolis?

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

Avoid phoenix, prices are going soft there from what I hear. Indy and Atlanta are both good choices on 2/3/4 units. Go with the one where you have more connections. My home base is indy, I'm excited to buy right now for the same reasons you are—don't beat me out on too many offers ;)

Post: Land development in Muncie Indiana

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

Depends on the lot and what you want to do with it. Are you looking to build a single family home?

Post: I want to be a renter

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282

@Jeff S. It really depends on your goals. There is no objective best decision here. If you value the peace of mind and flexibility in your life, then I think renting is the better choice. You can rent and own real estate, as counter-productive as it sounds; best of both worlds. 

Post: How are you responding to price cuts?

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282
Quote from @Bruce Woodruff:
Quote from @Michael Wooldridge:
Exactly. Another thread has poster with an opinion that sellers will not panic, but your examples are where I think we're headed, and pretty quick. Winter is coming fast and people know that  is a dead market...

You do realize you are in Arizona where people are seeing bigger adjustments than say the northeast, Carolinas or Florida right? It’s like being in Cali right now and saying the rest of the country will see what they are seeing. 

Yep, I know where I am and we're getting some of first of the trend that will hit everywhere before this is over. People from California have been flooding in here for the past few years and paying outrageous prices for houses just because they had all the 'Cali money' from the cash sales of their houses over there. That was dumb and now those houses are worth much less. Prompting a good bit of angst and hand wringing. People hate getting a bad deal. Will that make them sell, maybe not....but the people that didn't pay cash and got loans are now having a moment of regret...



 Yeah... the buyer's remorse is real. Anecdotally, I've seen many of my friends come to regret buying in the frenzy. 

Post: How are you responding to price cuts?

Zachary InmanPosted
  • Specialist
  • Indianapolis, IN
  • Posts 312
  • Votes 282
Quote from @Joe Bertolino:

I am not a doom and gloomer but I think you need to decide how long you want to wait.  I think you deal with the market as it is or pull it and wait until early spring.  I think staying on the market from November - January is not going to be ideal for your pricing integrity.


 That's what I'm thinking. Even on the personal side the timing is bad, so waiting until March is likely the option I'll go with.