All Forum Posts by: Alice Huang

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Thanks Robert, so from your experience, you are seeing a young couple with no kids, or 2 professionals sharing a home, wanting 3/2 or 2/1, rather than 2/2?

Hello everyone!

Appreciate your feedback and insight!

My business partner, who is also on BP, and I are building new builds and we have a location that we are disagreeing on what to build, in San Antonio.  Would love your feedback!

With all being equal (new builds, same location that's ideal for young professionals, same quality), would you build a 2/2 (2 larger bedrooms + study), or would you build a 3/2 (1 large master bedroom + 2 smaller rooms)? And why?

We are planning on building and renting.  Some of the highest sold prices have been 2/2.5, so it really got me thinking, could the rental market be the same?  Local PMs have been rather useless as they're comparing apples to oranges giving us stats of 2/2 that's renting at $0.6/sqft and 3/2 that's renting at $1.3/sqft... 

Thanks everyone.

Best,

Alice

Still early days.  Perhaps in a few years, more people who can WFH, will.  Who knows.

Very interesting Julio!  Although we have not had a pandemic like this since 1918, but we've had similar demand shift in Canada and more recently in the UK.

Drop in demand in the Montreal market after the referendum for independence in 1996 has altered how one's investment goes in the long run.  Majority of the HQs moved to Toronto.  Which was one of the reasons why the market in Toronto to quadruple since 1996, much the same in Vancouver.  

Montreal has increased in prices of course, but at a much slower rate than Toronto and Vancouver.

Similarly, since the Brexit referendum, real estate prices in Central London has also taken a hit as HQ relocate to Paris and Berlin and the "top 1% vacate" from Central London.

I think prices will still increase, but at a reduced rate comparing to previous decades.  

What are your thoughts?

@JM Payne

Hey JM!

Oops. Wrong wording. I should say we “want to” put only 5% down, instead of the 20% the sellers are asking.

We can do the full lot cost but we prefer to work with HML.

@Trevor Aydelott

The Pearl area is adorable. Just outside of downtown. Dave Chappell was hanging there a couple months ago.

@Austin Wise

Hello Austin!

Canadian living in Montreal and investing in San Antonio. Was living in Austin before covid.

I've been incredibly lucky to team up with a likeminded business partner from San Antonio to build our portfolio together. We are finishing up our first BRRRR now. The process started during covid.

Although my business partner is in SA. But mostly we could have run most things remote as he’s often out of town anyways. Our goal is to also set up the business to be 100% remote.

I would agree that having that team is key! Our realtor has been a great help and lenders as well. Finding trustworthy and competent GCs have been the hardest but not impossible.

Do you know which markets you want yet?

Definitely reach out to the BPers from those markets now!

Good luck!

A

Thank you for sharing.  Exactly what my business partner and I were discussing today: how to achieve rapid growth for 2021!  Thank you!!!!

Hey Anders!  

Whereabouts in Austin?  Was living there before covid!

Is assigning your interest in the property an option?  When I worked in real estate in Vancouver, BC and the market is hot out of control, we often had buyers assign their purchase and sale agreement to another buyer prior to closing.

Cheers,

A