All Forum Posts by: Bart H.

There is a global debt crisis coming and the Fed will respond by printing more money (as it always does) but this time it will destroy the US dollar in the process. They debt crisis will turn into the dollar crisis.

All levels of our government are over leveraged. Once interest rate approach normal levels that is when the bottom falls out. If you look closely that is what is beginning to happen. Al Greenspan just talked about this last week in his interview with Bloomberg.

Recessions never look like the past one. The coming recession will not begin or resemble the Great Recession of 08, but it will be worse.

You are delusional if you think a crisis is not around the corner.

oK….But if the scenario you are laying out comes true, and that we end up with high inflation due to the dollar being hammered, then what you are saying is you want exposure to hard assets.

If you have all of your real estate investments tied to long term fully amortizing fixed rate loans, then give me inflation. Because most of my costs are fixed, but revenues should go way up in an inflationary market.

Personally we believe the market is slowing, since my wife and I both have day jobs, we don't "have" to do deals to eat. Our mindset is to be a lot more discriminating on deals. But if we find a great deal, great, we will buy it, if not, oh well, there is a house on every corner.

I don't think we are headed back to another "Crash". Maybe a recession, 10-20%, over a 3 or 4 year time span. That's ok. We will just pay down our debts, build up our cash reserves and wait until a deal comes our way.

1 Vote

Originally posted by @Michael Bertsch:

Is 24hr notice legally needed to access property's front and back yard? I know notice is needed to access the dwelling. Earlier today, I stopped by my properties to install faucet covers to protect from freeze. Shortly after, tenant calls me upset I didn't give notice. Was I in the wrong? I was there during normal business hours and there were no cars in the driveway.

I typically give my tenants a heads up when I plan to be doing work in the yard, but I don't think it is really necessary per terms of our Texas lease.

1 Vote

Originally posted by @Priyanka K.:

Hello fellow REIs!

I am trying to explore new neighborhoods for 'Buy and Hold' and was wondering if you could help me with my research. What are the factors I should consider? I want to stick to class B neighborhoods for now.

I am a licensed real estate agent so I can pull sales and rent CMAs from MLS but not very sure of others. What are the things I should look for in a new neighborhood and how do I get that info?

I think crime rate, school district, location (proximity to freeways, shopping, grocery) etc. is important, is there anything else I should look for?

Any help will be appreciated!!

thanks,

priyanka

Real Estate Investor and Agent in Dallas, TX

We are big fans of driving neighborhoods, we like areas that have some building going on. Tear Downs, rehabs etc.

0 Votes

Originally posted by @Nicole Obregon:

Is this a deal breaker for you? Is it an automatic disqualified? Or, do you take it on a case-by-case basis?

Here's some background info on my situation:

Renting out a townhouse in a decent, working-class area, some crime, but ok
Rent is $1,000/month, 2 bedroom, 1 bath, renovated

I have a prospective tenant who said that he has a past eviction, in 2015. His credit is spotty, but he said he's working with a credit correction / assistance company to get it straightened out and improved. He makes $5,200 verifiable income at his job. He explained that he and his roommate got evicted in 2015 because his roommate lost his job, and they had a hard time paying the rent.

WWYD?

Hard pass.

The eviction is too recent for me to even consider that something might have changed.

Our business model is to have the nicest place in the neighborhood. We screen for high credit scores, and are willing to take several months of vacancy instead of settling for a sub par tenant.

The sub par tenant will cost you more than a vacancy.

0 Votes

I would meet up if you all do something this up coming week.

0 Votes

Originally posted by @Troy Larson:

I am researching investment strategies and keep getting pulled back to STRs. I know many large tourist towns and cities have/are enacting regulations that may make STRs out of reach for a single investor or company.

Still, I can't help but to think that properly placed and finished STRs aimed and marketed to select guests could make for nice long term holds.

I.E...

Homes near schools for families during visits for athletic, arts or cultural event or graduation. Condos near military bases, or other large business concentration for short term business associates.

Where do you see your STR investment portfolio in ten or twenty years?

I Personally I Would never buy a rental whose business model required me to do STR's.

1) you never know what the state and/or local government will do to stop Short term rentals in the area, one negative city ordinance and you could be bankrupt.

2) I believe that Air BNB or VRBO is a different business model. You are in the hospitality business, catering to the public. It requires consistent access to those who can perform maid service, providing keys, stocking the room etc. High touch vs a more passive regular long term rental.

IMO I think you evaluate a property as a long term hold, and then if it makes sense, doing a short term rental can get you some extra money.

That way if you ever change your mind, or want something more passive, you can get out of the Airbnb/VRBO market.

0 Votes

Originally posted by @Lucia Rushton:

If you wanted to buy a Rental today that was move-in ready $300-350K, which Dallas suburb would you buy into and why? (knowing that the market is starting to balance out), thanks

Plano/Richardson.....basically the corridor to the north of Dallas.

1 Vote

Originally posted by @John Nguyen:

Hello, BP Community

This is my first flip. Looking for suggestions of contractors/investors. I’m out of town and locals know best. I will be in Dallas next week and I would like to network. Please PM.

Thank you

Just saw your note, I don't know if you are still in town, if so drop me a line, I would be more than willing to meet up.

0 Votes

@Llewelyn A. Great tip, i am going to add that one. The one I like is to hear from the landlord prior to the current one. The current landlord might have incentive to say a tenant is fine, the one before that has no reason to hold back.

0 Votes

@Nerissa Marbury you could try Craig’s list, Facebook marketplace, Home Depot or Lowe’s return section. Sears outlet. Honestly with Black Friday going on, you probably won’t do much if any better than just buying new.

0 Votes

All Forum Posts by: Bart H.

Bart H. has started 11 posts and replied 1128 times.

Post: Why hasn't the market crashed yet?

Post: 24hr notice for yard access?

Post: Exploring New Neighborhoods for Buy and Hold

Post: Would you rent to someone who had a past eviction?

Post: Downtown Dallas lunch meetup?

Post: Do you see short term rentals as a long term investment strategy?

Post: Which one Dallas Suburb would buy into right now

Post: Contractors/ Investors in Dallas

Post: Buddy pretended to be current landlord!

Post: Charging tenant for stove repair that equates to replacement