
18 June 2024 | 53 replies
He was convinced it was going to become a very popular location for WMU student organization meetings.Maybe it did and I missed a big opportunity, but I really doubt it

18 June 2024 | 0 replies
While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.

18 June 2024 | 9 replies
Contrary to popular opinion, I don't see us going back to yesterday's rate environment, and I'm not anticipating being able to obtain investment property financing at sub 6% at any time in the near future without heavy buydowns. 5-7% is the historical norm for mortgage rates - it's not like 7% for an investment property is outrageous or shocking, and this is the ballpark I use to underwrite my deals.

21 June 2024 | 30 replies
The Baldwin Country area is growing extremely quickly, and eventually they will run out of room at the beach and the Eastern Shore and will have no choice but to expand north in that direction.

19 June 2024 | 4 replies
@Jonathan GreeneAgree 100%. be transparent and if good news great - bad news - still share it with investors - realize they are making life choices based on what they may be telling you as an example of someone has $100k investment and you fear it’s going to go to foreclosure - well maybe they would not spend $10k on that vacation or buy a new home knowing they are getting wiped outUnfortunately there is a group of guru syndicators who are great marketers / sales which some I have personally spoken with and they are so full of it and just like to hear their voice their ego gets in the way.

20 June 2024 | 12 replies
I recommend not dipping into the deposit unless you have no other choice to pay the bill.
19 June 2024 | 4 replies
You are correct a popular commercial store adds value to the overall property, but that value is added into the sale price, it doesn't affect the monthly CF/operating return for the landlord.

20 June 2024 | 10 replies
Another strategy that is gaining more popularity in urban markets is Co-living.

19 June 2024 | 4 replies
Our backgrounds include owning and operating properties under Choice, Hilton, Sonesta, and Red Roof Inn brands.This will be the second Marriott-branded hotel in Smithfield, with the other being an older Fairfield Inn.