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24 July 2018 | 4 replies
Or, I look at the overall robust economy, the relatively strong housing market, and wonder if I'm entering at a bad time - but then realize that when/if things crash, that'll be another round of changes that provides for opportunity.Opportunity is born from change, and at 42, I'm old enough to know that the secret to doing something is to just get started, and to keep chipping away at it.Anyway, my short term goal, once I have finished doing enough research and working on getting the overall engine in place, is to get a couple deals under my belt, and get an idea of what pieces of my process needs refinement in order to scale up a bit.
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20 July 2018 | 7 replies
I have been reading a few articles lately that say there are some economist that they believe there will be a economic crash is 2020.
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4 August 2018 | 8 replies
I am a teacher, but have rehabbed several properties pre crash in the bay.
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22 July 2018 | 25 replies
why sit on the side line and wait for a crash that may never happen .. and probably if it does wont be near the magnatude of the last one.There are multiple different types of investments in and around real estate other than being a landlord.. so maybe we confuse the developer who just did a subdivision and flipped the plat to LEnnar and made 2 million in it in 16 months with 150k into it.. .. those are pretty cool homeruns.. and done all the time.. but you need the skill set to set into the guy or gal that can source a property that a company like DR or Lennar will buy you need the strength to talk the farmer into letting you have an option on the property you have to have the Risk tolarnce to put up 150k and maybe lose it... becasue you can t flip that plat.. you have to have contacts at the big builders to get to their land ACK guys or gals.. but you put that all together and thats what a homerun looks like. guys that buy at courthouse steps hit tons of base hits..
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22 July 2018 | 14 replies
I'm new but being mentored by a broker who did hundreds if not thousands of BPOs through the crash (broker price opinion, sort of like a non-official appraisal for bank foreclosure and other purposes) and really knows the value of adjustments and when to draw the "not comparable" line.
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9 June 2018 | 98 replies
I don't think anyone is really waiting for a "crash".
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11 March 2019 | 11 replies
LOL if they did it'd probably crash the site
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5 April 2019 | 17 replies
Because Detroit is the last major city in process of recovering from crash in 2007/2008.
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16 June 2018 | 3 replies
When the next recession comes (they historically happen every 5-10 years and the last one was '08), I'm not confident that the population growth will outweigh other negative macroeconomic factors...I strongly doubt we will see anything like the '07 crash, particularly because of the affordable housing shortage, labor shortage, lending reforms, and all the positive migration, but that doesn't mean we won't see a pullback.