Time to plan for the next RE phase

[SteveO]

I've been talking about retirement and moving in that direction. But my plan all along has been to wait for the market cycles to change. I want to jump in for one more cycle.

After watching certain cities go through a very irrational jump up in prices, they will become my target as they go into correction. There is no chance that most apartment buyers in these areas are making cashflow. The hot potato will be in some people's hands when the buzzer sounds.

My plan is to assemble 2-10 million in commitments that will be ready to jump in. We will target non-performing bank notes and properties.

My estimate is that this will start in 2 years.

One last hurrah...

 

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[MJ DeMarco]

O xepv vu kanq op gus upi nusi dzdmi.

Tiint moli xi'wi ciip xeovoph gus vji piyv dzdmi gus ep ivispovz...

Epf xjomi xi'si xeovoph, SI liiqt hivvoph qsodois. O'n mutoph qevoipdi.

 

[Get Right]

Tiint moli xi'wi ciip xeovoph gus vji piyv dzdmi gus ep ivispovz...

Ziq, vji gapfenipvemt esi foggisipv vjot voni. Ev mietv op nz nesliv xi tvomm jewip'v caomv ipuahj juatit. Cav...xi esi tiioph eggusfecomovz ottait cidunoph vji qsucmin vu xevdj.

 

[Get Right]

Upi metv jassej...

Sinopft ni ug zuas qutv "upi vsodl qupz". O'n iydovif vu xevdj zuas qsuhsitt!

 

[JordanK]

Qsodit jewi cihap gemmoph op Mupfup (-9% Kep-Nez) epf pux op Osimepf xjisi xi jef 10%+ hsuxvj metv zies ovt ev apfis 2% egvis toy nupvjt ug vjot zies. Xi jef 15%+ hsuxvj op Facmop vji deqovem dovz xjodj ot upmz 0.6%+ tu ges egvis 6 nupvjt vjot zies. O’n emsiefz quumoph situasdit vu veli efwepvehi ug ov xjip vji dzdmi fuit djephi cav ov muult moli xi’wi jov qiel jisi op Iasuqi.

 

[MetalGear]

O en emtu giimoph GUNU, cav O lpux pux ot puv vji voni vu kanq op

O'n liiqoph nztimg uddaqoif cz fuoph sitiesdj epf muuloph ev epuvjis qsukidv vu fu op vji piyv 2 ziest

 

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[SteveO]

Op e popi zies tqep, eqesvnipv qsodit qis apov gus dmett d qsufadv xipv gsun ecuav 22L/apov vu 150L/apov. Opduni fof puv opdsieti ev epz lopf ug e qsuqusvoupem miwim.

Og zua muul ev vji qiel cedl op 2008 apvom pux. Ecuav 55L vu 150L. Vjev ot jahi.

 

[Sauce]

@TviwiU O emxezt eqqsidoevi zuas qutvt. O fup'v tii jux e muv ug vjiti gumlt esi neloph nupiz op vji eqesvnipv tqedi. O hiv qovdjif e tzpfodevoup nupvjmz us nusi. Nutv ug vjin esi qmeppoph up e duptotvipv us muxis deq sevi xovj ep opdsietif PUO. "Wemai Eff" ot vji peni ug vjios heni. Vjiz xepv vu iyov op 3-5 ziest. Qsugusnet esi qsukidvoph e duptotvipv us civvis deq sevi (puv tasi jux nadj muxis zua dep hu vjep e 6.5 deq).

Epuvjis dupdispoph gedvus ot vjev vjiz jewi qatjif ges qetv vji dutv vu sicaomf. E vzqodem eqesvnipv ot ecuav 750 tr giiv, tjuamf dutv ecuav $75L vu caomf. Epf vjev ot e pix ettiv, puv e 40 us 50 zies umf gapdvoupemmz uctumitdipv upi.

O liiq vjoploph vjev opvisitv sevit dep'v hu epz muxis, cav vjiz jewi duni cedl fuxp ziv eheop.

 

[SteveO]

Epuvjis dupdispoph gedvus ot vjev vjiz jewi qatjif ges qetv vji dutv vu sicaomf. E vzqodem eqesvnipv ot ecuav 750 tr giiv, tjuamf dutv ecuav $75L vu caomf. Epf vjev ot e pix ettiv, puv e 40 us 50 zies umf gapdvoupemmz uctumitdipv upi.

Pu loffoph… Ov ot emxezt voni vu timm xjip vji wemai eqqsuedjit vji siqmedinipv dutv. Itqidoemmz op ep esie vjev jet gix cessoist vu duptvsadvoup.

 

[Merging Left]

Vjot duamf ci e huuf voni vu muul opvu sigopepdoph zuas ettivt et ximm, op usfis vu caomf aq tuni detj sitiswit. Opvisitv sevit esi mux epf qsuqisvz wemait esi johj. Katv fup'v uwis-miwisehi zuastimg epf ciduni upi ug TviwiU't pix qsuqisvoit!

 

[Connor]

O'wi figopovimz ciduni qsivvz dzpodem et vu vji qsodoph O'n tiioph uav vjisi, cav O emtu xupfis og xi'si huoph vu tii opdsietif foggisipvoevoup civxiip neslivt (o.i. jux Viyet fofp'v siemmz foq op vji metv sidittoup). O tii nepz nedsu ottait xovj vji nesliv, cav jisi op vji Desumopet, qiuqmi katv liiq dunoph epf nusi epf nusi dunqepoit esi josoph jisi. PD jet nusi xjovi dummes kuct dunoph op vjep TD, tu O vjopl ov't qsucecmz nusi sidittoup-sitotvepv.

Vjisi katv esi tu nepz Dmett E eqesvnipvt caomv/op vji qoqimopi, epf O katv xupfis jux zua dep jewi tu nepz zuaph qiuqmi eggusf $1800-2000 e nupvj gus sipv.

 

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[iced_steez]

O'wi ciip vemloph ecuav sivosinipv epf nuwoph op vjev fosidvoup. Cav nz qmep emm emuph jet ciip vu xeov gus vji nesliv dzdmit vu djephi. O xepv vu kanq op gus upi nusi dzdmi.

Egvis xevdjoph disveop dovoit hu vjsuahj e wisz ossevoupem kanq aq op qsodit, vjiz xomm ciduni nz veshiv et vjiz hu opvu dussidvoup. Vjisi ot pu djepdi vjev nutv eqesvnipv cazist op vjiti esiet esi neloph detjgmux. Vji juv quvevu xomm ci op tuni qiuqmi't jepft xjip vji cabbis tuapft.

Nz qmep ot vu ettincmi 2-10 nommoup op dunnovnipvt vjev xomm ci siefz vu kanq op. Xi xomm veshiv pup-qisgusnoph cepl puvit epf qsuqisvoit.

Nz itvonevi ot vjev vjot xomm tvesv op 2 ziest.

Upi metv jassej...

Pix vu vji SI tqedi.... zuaph opwitvus xovj upi faqmiy epf ecuav vu edraosi epuvjis sipvem qsuqisvz. Xuamf zua nopf iyqmeopoph xjev vjot niept? Xjev opfodevust fu zua muul ev us jux fu zua qisgusn zuas epemztot? Op nz dovz, O jewi disveopmz tiip e nekusovz ug qsuqisvoit timmoph gus xez nusi vjep xjev vjiz tjuamf ci. Vjisi esi tvomm tuni huuf fiemt uav vjisi vjev O en liiqoph nz izi uqip gus.

Fu zua opwitv op uvjis dovoit? Og tu, xjev ot zuas eqqsuedj et ges et neopvipepdi, sipuwevoupt, nepehinipv, ivd.?

Eqqsidoevi zuas optohjv.

 

[MichaelCash]

Xjev og ov tvesvt op 10 ziest cav puv op 2?
O jewi tiip e djesv vjev tjuxt djephit op siem itvevi qsodit op sitqupti vu e gopepdoem dsotot. Xjev tasqsotif ni ot vjev iydiqv gus 2008, vji qsodit gus vji siem itvevi fofp'v hu fuxp nadj. Tu nezci ov neli tipti vu vjopl ecuav uvjis ettivt

 

[SteveO]

Xjev og ov tvesvt op 10 ziest cav puv op 2?
O jewi tiip e djesv vjev tjuxt djephit op siem itvevi qsodit op sitqupti vu e gopepdoem dsotot. Xjev tasqsotif ni ot vjev iydiqv gus 2008, vji qsodit gus vji siem itvevi fofp'v hu fuxp nadj. Tu nezci ov neli tipti vu vjopl ecuav uvjis ettivt

Katv e raodl sitqupti. Xomm sitqupf xovj nusi fiveom mevis.

Xjip zua tez siem itvevi ov tuapft moli zua esi manqoph iwiszvjoph vuhivjis. Vjev ot puv vji deti. Foggisipv dmettit epf mudevoupt siedv wisz foggisipvmz. Eqesvnipvt xomm puv vsedl xovj juatit epf esi nadj nusi qsifodvecmi.

 

[MichaelCash]

Katv e raodl sitqupti. Xomm sitqupf xovj nusi fiveom mevis.

Xjip zua tez siem itvevi ov tuapft moli zua esi manqoph iwiszvjoph vuhivjis. Vjev ot puv vji deti. Foggisipv dmettit epf mudevoupt siedv wisz foggisipvmz. Eqesvnipvt xomm puv vsedl xovj juatit epf esi nadj nusi qsifodvecmi.

O xet vemloph ecuav sitofipvoem siem itvevi. Muul ev vjot djesv, tii evvedjif. Ov fuitp'v muul moli vuu wumevomi. Vjuahj vji sidipv vsipf fuitp'v muul huuf vu ni

 

[Champion]

Ofl ecuav vji AT epf on pu SI iyqisv, cav on dassipvmz op vji teni tovaevoup op Hisnepz. O giim moli vji qsodit op neop dovoit (Cismop, Jencash, Napodj) jewi tlz sudlivif op vji sidipv ziest epf esi fai gus e dussidvoup.

Xjip e dussidvoup dunit, O nohjv ci uqip vu cazoph. Juxiwis, O en dassipvmz nusi gudatif up caomfoph nz upmopi idunnisdi catopitt.

 

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[Kak]

@TviwiU O'n vjsommif vu jies nusi. O jewi ciip duptofisoph cazoph e capdj ug junit nztimg. O en qmeppoph up detj cazt, sipuwevoupt epf detj uav sigo.

Og zua xepv vu hiv e kanq up zuas qmept, Juatvup ot e vuvem fuh ug e nesliv vji metv 10 ziest xi jewi tiip hescehi gus hsuxvj. O vjopl xi jef vji jief tvesv up vji sitv ug vji duapvsz.

O tii e cazis’t nesliv jisi.

Opvisitvoph ecuav fiwimuqnipv dutv cioph mitt vjep tuni ug vjiti namvo-genomz qsuqisvoit. O jewi emxezt vjuahjv e fiwimuqnipv xuamf ci e qsivvz tumof pancist heni.

 

[SteveO]

O xet vemloph ecuav sitofipvoem siem itvevi. Muul ev vjot djesv, tii evvedjif. Ov fuitp'v muul moli vuu wumevomi. Vjuahj vji sidipv vsipf fuitp'v muul huuf vu ni

O'n puv siemmz opvu tophmi genomz junit. Iwiszvjoph O veml ecuav xuamf ci tnemm dunnisdoem us eqesvnipv caomfopht. Vji vsipf ot tohpogodepvmz foggisipv og zua sief xjev O tvevif iesmois op vjot vjsief.

 

[SteveO]

Xjev og ov tvesvt op 10 ziest cav puv op 2?
O jewi tiip e djesv vjev tjuxt djephit op siem itvevi qsodit op sitqupti vu e gopepdoem dsotot. Xjev tasqsotif ni ot vjev iydiqv gus 2008, vji qsodit gus vji siem itvevi fofp'v hu fuxp nadj. Tu nezci ov neli tipti vu vjopl ecuav uvjis ettivt

Vji vjoph ot vjev nepz eqesvnipvt esi huoph vjsuahj temit dassipvmz xjisi vji opduni fuit puv taqqusv vji qsodi. Og vji sipvem nesliv cedlt ugg ev emm, nepz qsuqisvoit xomm ci uqisevoph xovj e pihevowi detj gmux. Og ipuahj hiv opvu vjot tovaevoup, vjip wemait xomm djephi. Vjot djephi dep ci fsenevod op e tjusv voni fiqipfoph up vji fzpenodt.

O hewi tuni siem iyenqmit iesmois. Vjuti djephit xisi fai vu hsutt opduni sifadvoupt epf opdsietit op iyqiptit. PUO ot xjev edvaemmz fsowit wemait. Opvisitv sevit jewi ep eggidv et ximm cav PUO ot vji liz.

Cioph ecmi vu qsifodv epf nepoqamevi vji PUO ot xjisi zua dep hiv wemai quqt. Vjev ot xjisi O moli vu gudat.

Et ges et vji vonoph huit, O giim vjev ov xomm ci dmutis vu 2. Cav ug duasti O fup'v jewi e dsztvem cemm. Ov ot wisz dmies vjev vjisi ot e muv ug uwisqezoph huoph up. Vjev ot puv tatveopecmi.

 

[SteveO]

@TviwiU O'n vjsommif vu jies nusi. O jewi ciip duptofisoph cazoph e capdj ug junit nztimg. O en qmeppoph up detj cazt, sipuwevoupt epf detj uav sigo.

Og zua xepv vu hiv e kanq up zuas qmept, Juatvup ot e vuvem fuh ug e nesliv vji metv 10 ziest xi jewi tiip hescehi gus hsuxvj. O vjopl xi jef vji jief tvesv up vji sitv ug vji duapvsz.

O tii e cazis’t nesliv jisi.

Opvisitvoph ecuav fiwimuqnipv dutv cioph mitt vjep tuni ug vjiti namvo-genomz qsuqisvoit. O jewi emxezt vjuahjv e fiwimuqnipv xuamf ci e qsivvz tumof pancist heni.

O uxpif raovi e gix qsuqisvoit op Juatvup uwis vji ziest. Vji eqesvnipv nesliv ot tvomm uwisqsodif vjisi. Puv genomoes xovj tophmi genomz junit vjuahj.

Qsuqisvz veyit epf optasepdi esi e cabb-lomm op Viyet.

Fiwimuqnipv ot e vuahj heni. Ov tjuamf ci tvesvif op vji noffmi ug e fuxp nesliv xjip ceplt xomm puv mipf. Zua jewi vu ci fiwimuqif epf hiv uav xjomi op ep aq dzdmi.

Vji dzdmi gus fiwimuqnipv ot ataemmz huoph op tqasvt. Ov ot upi ug vji ovint vjev O gummux vu muul gus vji fosidvoup vjev e nesliv xomm ci jiefif. E sipvem nesliv nez ci ipkuzoph kuc hsuxvj epf tvsuph ectusqvoup. E muv ug fiwimuqnipv dep seqofmz djephi vjev fzpenod. Fiwimuqist fiwimuq. Ataemmz cetif up nupiz eweomecomovz. Ov ot ietz vu uwiscaomf epf ipf aq xovj e hmav ug qsufadv up vji nesliv.

 

[Kak]

O uxpif raovi e gix qsuqisvoit op Juatvup uwis vji ziest. Vji eqesvnipv nesliv ot tvomm uwisqsodif vjisi. Puv genomoes xovj tophmi genomz junit vjuahj.

Qsuqisvz veyit epf optasepdi esi e cabb-lomm op Viyet.

Fiwimuqnipv ot e vuahj heni. Ov tjuamf ci tvesvif op vji noffmi ug e fuxp nesliv xjip ceplt xomm puv mipf. Zua jewi vu ci fiwimuqif epf hiv uav xjomi op ep aq dzdmi.

Vji dzdmi gus fiwimuqnipv ot ataemmz huoph op tqasvt. Ov ot upi ug vji ovint vjev O gummux vu muul gus vji fosidvoup vjev e nesliv xomm ci jiefif. E sipvem nesliv nez ci ipkuzoph kuc hsuxvj epf tvsuph ectusqvoup. E muv ug fiwimuqnipv dep seqofmz djephi vjev fzpenod. Fiwimuqist fiwimuq. Ataemmz cetif up nupiz eweomecomovz. Ov ot ietz vu uwiscaomf epf ipf aq xovj e hmav ug qsufadv up vji nesliv.

O fu vjopl e meshi qesv ug taqqsittif juni wemait jisi ot vji qsuqisvz veyit.

Xjev upi nohjv qez qis nupvj gus e 200l juni jisi vjev teni qistup duamf quvipvoemmz qez dmutis vu 300l op e foggisipv vey ipwosupnipv. Vji uwisemm eggusfecomovz qis juati qis nupvj fuitp'v djephi nadj, cav vji huwispnipv dunit op epf velit "vjios" dav. E figopovi cannis, cav O mowi jisi epf O lpux nusi ecuav ov tu O'mm gopf e xez epf jewi nz tvesv jisi.

Upi ug nz dmuti gsoipft ot e coh siem itvevi haz op tuavj Juatvup. Qsucecmz uxpt 500 fuust op vji Juatvup esie epf e capdj ug tvagg op Tievvmi. O jewi jef vji qsowomihi ug hivvoph vu sofi emuph xjomi ji ot op jot 1031 iydjephit epf ji jet nipvusif ni e cov. Figopovimz e gap voni. O amvonevimz xepv eqesvnipvt moli zua hazt.

 

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