Software by Chris Richter and touted by Ken Clothier.

I saw this last time too where all these flips shows came out, seminars from educators were rampant, news stories were once again touting real estate as in vogue and a juggernaut that can't be stopped.I know agents right now buying cars,big houses, trips out the yang thinking (this is awesome).I am trying to make smart investments today and hold a certain liquidity position to take advantage of discounted assets in the future.There is talk that Trump's plan for reducing corporate taxes and road improvements might extend the cycle out 2 to 3 more years but nobody knows for sure.

*I also hope you all know that I left the "t" out of assessment as "syndi" seemed to be a better fit.

Doing mostly retail as multifamily is heavily overvalued.Sellers are touting for multifamily bubble numbers of 3% vacancy, 35% opex, 4 to 5% rent growth that have occurred last 18 month.

All I'm saying is do your math; some of the rules of thumb touted on this site don't apply to the Texas market.

If the financials were strong (repair costs low, 100% collected rents, etc.) you'd tout them as it makes a property more valuable.

But it scared the sh*t out of me.  

Now it didn't initially cash flow but in just a few years because of the rent growth I was on my way to turning $2,000 in cash into almost $1,000,000 in cash." anyone that is touting this silly rule is probably trying to sell you a crappy unprofitable property.

And for my strong little sister to ask for help, I knew things were severe.When I told her I was coming, she responded, “But Joey, you have to work.”But the truth is I don’t.At the get rich quick seminars, they flaunt flashy cars, big houses and expensive vacations trying to tout those things as financial freedom.

My first “mastermind” in multifamily was with a group that touted yachts and brightly colored cars.