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Recent content by Connor

  1. Connor

    Investing in Townhomes

    REAL ESTATE 
    Been too long since I’ve updated this- while my primary focus has been work, we did just close on another townhome. This year has been slow on the acquisitions front, but we bought 9 more last year, so this is our 37th. Had some cash flow challenges in Q1 with renovations, but now we are back on...
  2. Connor

    Can this thread save your life, and perhaps countless others? Yes.

    GOLD! HOT! MINDSET 
    @MJ DeMarco Thanks for sharing this - really struck home for me for a couple of reasons: Been dealing with multiple health issues that have all hit at once. None of them are life-threatening, but they've impacted my lifestyle and mental health while I try to manage them/improve them. Some of...
  3. Connor

    Investing in Townhomes

    REAL ESTATE 
    @BD64 We've definitely been able to push rents a good bit with those factors you mention. To me, the growing affordability crisis on buying homes will push more people to rent long term and help push rents further. We're in the Southeast, though our rentals aren't in one of the super hot...
  4. Connor

    Investing in Townhomes

    REAL ESTATE 
    Sorry for the radio silence- been dealing with some health issues as of late. Fortunately, nothing life-threating, but a lot of things hitting at once. On the plus side, the real estate portfolio has grown considerably as of late! We picked up another one-off unit that a SFR fund had under...
  5. Connor

    Any Real Estate Investors Suffering Due to Rent Moratoriums?

    REAL ESTATE 
    We've not had any issues with rent being deferred on our properties, but it helps that they are located in favorable jurisdictions. During the first few months of COVID, we took a little bit longer to collect, but since then, no real issues. Think the quality of tenants makes a huge...
  6. Connor

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    I was at a presentation by the SC Ports Authority, and they said that cargo container shipping costs from China are up from $2,500-3,000 pre-pandemic to about $21,000. If you're shipping furniture and other low-margin goods, you can't eat that cost. They also said that Target is behind on...
  7. Connor

    Investing in Townhomes

    REAL ESTATE 
    Thanks guys. Those were my thoughts as well, so glad to hear that! Real estate (especially buy & hold) is an exponential curve, so hope I can one day share the full payoffs of this process.
  8. Connor

    Investing in Townhomes

    REAL ESTATE 
    I feel like this is such a boring thread, but I keep posting as I guess I partially want to show that it's not super exciting on a day-to-day basis and more about consistency of the process. We've closed two more units since last time I've posted, and we're currently looking at doing a...
  9. Connor

    Moved to Scottsdale, Growing a Web Design Firm

    GOLD! 
    Dan- congrats on the progress despite the health issues! Yours sound a lot more complicated/challenging than the ones I've been facing (knee surgery complications), but you've forged on despite it. Really impressive, since I've found my relatively minor issues to be very distracting, so just...
  10. Connor

    Investing in Townhomes

    REAL ESTATE 
    Closed on unit #12 earlier this week- was touch and go as the owner had a second mortgage that was larger than our wholesaler initially informed us. While again we're having to pay more than we did a year or two ago, the spread on off-market properties is so substantial. One unit just sold...
  11. Connor

    Investing in Townhomes

    REAL ESTATE 
    @WJK Completely agree on debt reduction. We've been fortunate to have ridden the wave up in valuations to help us refinance out most of our capital, but that certainly could change. That's part of why we're doing multiple portfolio loans- so we can eventually pay a few off to always have some...
  12. Connor

    Investing in Townhomes

    REAL ESTATE 
    I know this isn’t the most glamorous thread ever, but I hope to be able to demonstrate that consistency pays off. Valuations have risen significantly, which has helped us a lot with our current refinance, but certainly challenging to acquire. Just got unit #12 under contract- going to be paying...
  13. Connor

    I'm worried about the real estate market right now

    HOT! REAL ESTATE 
    I do believe there is a coming recession, and real estate will be included in it. However, there are a few things to note (in my opinion): Real estate tends to lag significantly behind the economy- 2008/9 was the bottom of the economy last time, but real estate prices didn't hit their low...
  14. Connor

    Investing in Townhomes

    REAL ESTATE 
    And now we have #11 under contract. The 10th one closed last month, so we are making good headway on total units, though our average acquisition cost is up significantly, with how much home prices have risen. Good news is that rents remain strong, so we're still able to get pretty solid cash...
  15. Connor

    Investing in Townhomes

    REAL ESTATE 
    Just closed #9 last week (sellers really dragged it out, but got it done) and already have #10 under contract. It's right next to two others we own, and a good cash flow area, as the prices are still low enough to have some margin in them. I try to not look back, but it is somewhat painful to...
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