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Recent content by Connor

  1. Connor

    Investing in Townhomes

    REAL ESTATE 
    Since I've posted mostly about acquisitions and other "fun" items, thought I would share that we've been dealing with numerous damaged properties from the recent storms. No total losses fortunately, but we're spending a lot of time dealing with insurance adjusters and will be on the hook for...
  2. Connor

    Investing in Townhomes

    REAL ESTATE 
    Do any of the brokers who will be listing your MHPs sell Multifamily too? I think it’s hard to get the priority attention from brokers without doing a deal or two with them to start. Again, my brother’s experience and company gives me a huge advantage, so I’m not the best advice giver in some...
  3. Connor

    Investing in Townhomes

    REAL ESTATE 
    I would say that part of the advantage I have is that my brother is in real estate full-time running a property management company, so we get opportunities on a lot of off market deals. The 16 units did go to the market, but that was the first deal we had bought on market since our very first...
  4. Connor

    Investing in Townhomes

    REAL ESTATE 
    Hello Forum- still plugging away here on acquiring properties. We picked up 16 townhomes earlier this year in one complex and are in process of renovating those. Financing is obviously challenging with the higher interest rates, but we had some properties that have gone up significantly in...
  5. 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...
  6. 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...
  7. 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...
  8. 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...
  9. 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...
  10. 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...
  11. 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.
  12. 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...
  13. 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...
  14. Connor

    My Candid Personal Story on Why You Can Never Take It Easy (An Ode to Discomfort)

    GOLD! HOT! MINDSET 
    Thank you for sharing! Definitely have gotten too comfortable with what I have in the last several years of my life, which is part of why I changed jobs two years ago (to get uncomfortable and grow personally & professionally). I just started counting calories yesterday to work off all the...
  15. 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...
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