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  1. Connor

    Investing in Townhomes

    REAL ESTATE 
    You hit the nail on the head. It all comes down to the question of what you are looking to accomplish. Do you want to make the highest margins possible? Or are you willing to give up some margin for the freedom of not having to deal with some of the headaches, and focus more on scaling? My...
  2. Connor

    Investing in Townhomes

    REAL ESTATE 
    Have townhome #9 under contract (hopefully just didn't jinx myself). This is an older unit, and a 2 story one, but it's a great area, so I think we'll be able to hit a good rental price. Will be a good experiment too as we try to map out our criteria for the future and where we will be able to...
  3. Connor

    How will Coronavirus affect the Real Estate Market

    HOT! REAL ESTATE 
    So here are my preliminary thoughts (for whatever they are worth) on housing- think we'll see more demand for multifamily and industrial, but for single family: This will likely accelerate the movement of people from the Northeast and California to the Sun Belt, so those areas will likely...
  4. Connor

    Investing in Townhomes

    REAL ESTATE 
    Definitely agree that SFRs appreciate more than townhomes, and you're seeing more money flow into the big funds who have bought up thousands of homes (was a WSJ article about it today), so that should continue. However, the institutions don't like dealing with HOAs and that risk, so it should...
  5. Connor

    Investing in Townhomes

    REAL ESTATE 
    Just acquired townhome #8. As I mentioned above, one of our pricier ones, and it probably won’t cash flow as well as some others. However, it will help our balance sheet, as the ARV will help our equity overall. We also executed our second refinance, taking our a loan across the last 4 units...
  6. Connor

    Investing in Townhomes

    REAL ESTATE 
    I keep saying that I know it's been a while since I've posted an update, so I'll have to come up with a new phrase haha. It's been a little crazy at work with all of the Coronavirus turmoil going on. We're still at 7 units- had one tenant move out on 3/31, and we're finishing up the...
  7. Connor

    Business Ideas for the (emerging) stay-at-home Economy?

    HOT! IDEA 
    As someone who has worked for two 5,000+ people companies, even the big guys sub out their tech support when not near one of their bigger offices. Also, ergonomics is a big deal- I work in the world of insurance, and companies are already taking about how there will be more workers'...
  8. Connor

    The 2020 Fastlane Summit - Official Event Thread!

    HOT! MEETUPS 
    Probably cheaper than losing at actual roulette though!
  9. Connor

    The 2020 Fastlane Summit - Official Event Thread!

    HOT! MEETUPS 
    What an incredible event. Had no idea what to expect, but this has been a fantastic experience. Met so many great people and have so many actionable takeaways. Will be hard to not have high expectations for next year, but I will take the advice from @LightHouse and just appreciate that we have...
  10. Connor

    The 2020 Fastlane Summit - Official Event Thread!

    HOT! MEETUPS 
    Had a great conversation with @Runum as well- helped give me a new perspective on my dad and appreciate him much more. I definitely had no clue how much this conference would impact me already.
  11. Connor

    The 2020 Fastlane Summit - Official Event Thread!

    HOT! MEETUPS 
    Hope everyone made it here safely through the storms on the East Coast! Got delayed in CLT a bit myself.
  12. Connor

    The 2020 Fastlane Summit "Social" Thread

    HOT! MEETUPS 
    Getting in early afternoon on Thursday- will probably bounce around downtown Scottsdale/the casino that afternoon.
  13. Connor

    2020 Fastlane Summit, Itinerary

    HOT! MEETUPS 
    Can’t believe it’s almost here- looking forward to meeting everyone!
  14. Connor

    Investing in Townhomes

    REAL ESTATE 
    Know it's been a while since I've posted an update- not that much exciting, other than having a few move-outs and renovating one of our units before getting it leased up. Prices have mostly gone up to levels that doesn't make sense to buy, though we did just put an offer in on one unit, but...
  15. Connor

    Retirement Is Looking Bleak for Millennials...

    Don't think anyone else has posted this, but my apologies if I missed it. Further proof that the Script is a scam: To retire at 65, millennials will need to save nearly half of their paycheck Love how these percentages that the masses espouse use ridiculous assumptions, such as 10% average...
  16. Connor

    Cash Flow vs Value Appreciation

    That's absolutely what most people are shooting for. We've started putting our properties on 20 year amortized notes instead of 30 to speed up the debt payoff. My brother and I have pretty big goals with real estate, so that's part of why we want to make sure our properties cash flow well...
  17. Connor

    Cash Flow vs Value Appreciation

    You definitely need to factor in for those costs. That's what gets most landlords who only own a few units- looks like they are making money, and then BAM! It takes them $4,000 to fix up the place and it's sitting vacant for 6 weeks because they didn't have contractors lined up to do repairs...
  18. Connor

    Cash Flow vs Value Appreciation

    So I invest in townhomes, but of course it's here in the US. Townhomes tend to not appreciate as much as true single family, as when times are good, people want to have their own big yard and all that. But I've found them to be less risky, since you can have less variability in a smaller...
  19. Connor

    California Governor signs rent-control law... yea or nay?

    REAL ESTATE 
    Remember this guy? View: https://www.youtube.com/watch?v=kcsNbQRU5TI Maybe he should run in CA. I echo everyone else's comments- it creates an even bigger problem as people won't want to convert older properties to rentals.
  20. Connor

    2020 Fastlane Summit, Tickets Now On Sale! (SOLD OUT!)

    MEETUPS 
    Absolutely! I think that would be great to do to 1) help us achieve our goals and 2) maximize our time at the Summit.

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