Are you forecasting a slowdown in appreciation in your market?

In Myrtle Beach, the sfr’s weathered the COVID storm far better than condos.  

He also has videos which are mainly entertaining and funny - mainly his day-to-day stuff -Ken McElroy - Genuine guy who has a lot of good insights, especially in the commercial R.E. space and real estate forecasts.

., when those black swan events show up derailing your house in a weather issue.Guy is right, talk to an attorney if you need to really do this.

So not necessarily a excel guru but just like you have someone managing a property having someone managing the finances and being able to forecast and not just sit back and say oh we made or lost X this past month and keep doing that every month gives us what we feel is a competitive advantage.

Then in a worst case scenario if appreciation stops or, worse, prices drop, you can weather the storm because your properties are still making you money.If you want to use appreciation in your return calculations, there has to be some sort of risk factor that goes along with that.

. - I'm not actually a fan of the newer builds as everything isn't built to last and a burst pipe, strong weather, meth-head who sells copper, etc. can do catastrophic damage more easily.

Currently, I have a single family property that I closed on in early 2024 and am working with a property manager to find renters (was told that this is a somewhat slow time of year in Minnesota due to the weather, but should expect more movement in the coming weeks).I used a HELOC for the down-payment and a conventional for the other 80%.

The weather is warm, the women are beautiful and the beer is cheap.

The people still forecasting doom and gloom are still sitting on the sidelines.