New to Real Estate 路 Arlington, TX (future) 路 Member since 2020 路 4 posts 路 1 vote
Just finished Brandon Turner's book, absolutely a great read for any beginner. The biggest thing that stuck out to me was analyzing a deal. I was quite surprised all the expenses that go into a rental property that have to be accounted for. Either way, I am highly motivated to learn more, the pros outweigh the cons in my eyes. The thing that I was questioning was rental prices. During this whole lock down that Covid caused, I can only imagine that the rental prices I saw on craigslist and other websites won't be as accurate as before this pandemic. Any thoughts?
Fantastic book, I have been keeping a mental list of books to read that have been recommended on the podcast and other places. Please leave some book recommendations that you think would be beneficial to a newbie investor like myself.
Thank you,
Antonio- Looking to start obtaining rental properties in Arlington, TX (in 2021, once I move.)
@Antonio Franco I think it will greatly depend on which market you are in and if it is growing. For example, 2017-2018 data has showed that 83 people a day move to Nashville, but it was named one of the top growing areas in 2019. I would be interested to see what that data looks like at the end of this year. I will say, I moved to Nashville in April. Right in the middle of COVID shutdowns. Rent was not any cheaper - ha!
The CARES act might have an impact on it later as well, since many were not allowed to be evicted from their apartments for failure to pay rent. If anything, I would think that prices may increase in the future to compensate for lost earnings.
i just wasn't sure if rental numbers during this time was messing with the analysis practice I was doing. I see what your saying about the cares act having an affect on not changing rental prices, but could even cause it them to raise down the road. Thanks for the reply, helps out a lot 馃憤
Antonio - Check out this ppt.that @Cedrick Mahieux put together. It is an analysis of the Famous 4 questions and provides top 10 list of all time recommended on the podcast. It will keep you reading for awhile!