I get this.
I used to run and REIA, but dropped it.
Currently doing 1031's out of my SFR in to industrial.
Biggerpockets tends to be geared more toward beginners. Twitter seems to be where the bigger guys are hanging out. Good Luck.
Another option - buy cash and then you can always do a refi or HELOC at a later date.
We bought our personal home cash. Waited 6 months, then we were able to cash out at the appraised value.
What would you do with the money otherwise?
40+ doors and no problems. Most of my houses are on the middle end of the spectrum for my market.
Commercial portfolio has been performing well so far. The macro economy is much less important to me than the specific submarkets I am invested in.
I think that housing prices will continue to rise for a few reasons.
1. Simple supply and demand. We aren't building enough houses to keep up with demand. In 2008, supply surpassed demand.
One Caveat is there are going to be markets where there are winners and losers. I moved to Lubbock TX...
That is really crazy.
I still don't get the market, but I am holding my 45+ rental units as a hedge on inflation.
They are cash flow positive right now, and if I sold, I wouldn't have a place to put my capital without a big tax hit.
Another concept I have been considering is that a house is...
The current market makes me think of the warren buffett quote "be fearful when people are greedy and greedy when people are fearful". On one hand we are in the middle of a global "pandemic". States are being shutdown, unemployment is at a record high. On the other, the stock market is about...
Sorry @Blackadder I would have to disagree. The expensive part of kitchens and baths comes in the finishes (tile, cabinets, countertops, fixtures). There just aren't that many finishes in a tiny home.
Lets do some more digging on the dwellito homes
The Dwellito Novato Model is 1200 SF, and...
Another consideration - you need to have buy in from the local municipality. In my town we have "impact fees". It doesn't matter if you build a 400 Sq Foot house or a 10,000 sq foot house, you will pay $15,000 for the following: parks, trails, public safety, water, sewer and drainage. Add...
@SteveO I always appreciate your posts. I don't see how a lot of these folks are making money in the apartment space. I get pitched a syndication monthly or more. Most of them are planning on a consistent or lower cap rate with an increased NOI. "Value Add" is the name of their game. They...