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  1. JustAskBenWhy

    A Word of Caution Regarding Cheap Real Estate

    REAL ESTATE 
    Yes, but CapEx still happens, and physical vacancy can be years... No perfect solution, but quality always wins out...right?
  2. JustAskBenWhy

    A Word of Caution Regarding Cheap Real Estate

    REAL ESTATE 
    Fair enough - but there are things I can assume: 1. If there is not investor demand, most likely there is no appreciation - since demand drives appreciation. Thus, you've bought a cheap house, which was cheap 40 years ago, and 30, and 10, and it's cheap now, and will be that forever. And while...
  3. JustAskBenWhy

    A Word of Caution Regarding Cheap Real Estate

    REAL ESTATE 
    I’ve been a member of the fastlane forum for only a short time, and thus do not necessarily have the stature in this community to stick my neck out and offer advice contrary to the attitudes on the forum. This said, however, I’ve noticed some virtual “high-fiving” going on in the real estate...
  4. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    Ha I didn't mean you, Jon. Just wondering if the word is getting out...besides, I bet quite a few folks here would benefit!
  5. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    Hahaha - well, that answers that. Horrible - difficult to sell shit if nobody knows you'e got it. I've got to do better. CFFU
  6. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    Agreed! Besides, while these small deals aren't attractive to me, they certainly are for someone else. I am building CFFU right now, and enjoying it a lot. Internet marketing is a new world for me, but CFFU is good RE education for only a few hundred bucks, and I am having a blast figuring out a...
  7. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    I agree with everything you said, except for one thing: I am not only lazy, but bored too! I get OMs in email and I still look at them. But, everything I've ever bought that turned out any good has been a function of relationships. For me, right now, buying is inherently more risky than not...
  8. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    Too volatile in terms of CF in the Mid-West, with not enough appreciation.
  9. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    I buy apartments. SFRs are scary...
  10. JustAskBenWhy

    Would you guys considering clothing a need with a good market?

    Haha - only the underwear. @jon.a and I can get along wihtout everything else. Come to think of it, Jon could probably do without underwear too :)
  11. JustAskBenWhy

    On how to take advantage of biggest real estate gold rush in 20 years.

    REAL ESTATE 
    They don't call real estate market inefficient for no good reason - it's freaking off its' rocker...lol I've stopped trying to figure it out. The only way I've ever gotten a deal was to rescue a distressed owner - nothing has changed. The market is overbought if you buy retail. I'd rather sit...
  12. JustAskBenWhy

    Money can't buy happiness. Or can it?

    HOT! MINDSET 
    Being rich is having enough money for your life to do what it needs to do - without you having to work for it. That last part is crucial - you cannot be working to facilitate your life going round and round - then you're rich. Are you there? I am not, but making progress...
  13. JustAskBenWhy

    Does it make sense to drop out of college to become a real estate agent?

    REAL ESTATE 
    What a way to cut through the bull :)
  14. JustAskBenWhy

    First Post

    REAL ESTATE 
    Oh I can get 7.5%- 8% on a 5-year balloon pretty easily if need-be. There might be some amount of escalations. At this point I will only do that if it's a screaming deal that can't be passed upon, since I don't really want to be in a 5-year balloon unless totally necessary. But, the money is...
  15. JustAskBenWhy

    First Post

    REAL ESTATE 
    Oh, I still believe in Cap Rates, just not the way most people do :) And, for small deals I use portfolio notes with private money. Bigger deals (syndications) - private placements
  16. JustAskBenWhy

    First Post

    REAL ESTATE 
    In multifamily space the current high prices have less to do with potential future appreciation and more with the underlying need for big money (which is leverages at really cheap cost) to achieve yield - any yield. The current buyers are buying the delta between the Cap Rates and the cost of...
  17. JustAskBenWhy

    the sky is not the limit...

    HOT! MINDSET 
    A Dream - something that is a figment of your imagination. Something that's not real and will never be, by definition. A Goal - Something that is measurable and achievable. However, time and circumstance tends to change goals... A Vision - Something that already Is...just not quite yet. My...
  18. JustAskBenWhy

    Keep getting fired from jobs(frustrated)

    HOT! 
    HAHAHAHA!!! @Fendaril - not the self-employment route. 1099 income is too expensive. You can do better...
  19. JustAskBenWhy

    Who's to say college is the best days of your life?

    PEOPLE 
    The fact is - you are here. Are you going to choose to be happy, or are you not :)
  20. JustAskBenWhy

    First Post

    REAL ESTATE 
    Ha - the problem is that as a buyer I know how much shit costs. There's no magic to running apartments - most costs are fixed to a great extent. Therefore, my price is reflective of my projections of what the dynamics will be - the trailing pro forma matters but not for underwriting the...

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