All Forum Posts by: Brent Zande

I came across this recent survey of real estate investors across the United States which shows that nearly all are in agreement that this pandemic hasn’t dissuaded them away from real estate investing. In fact, it’s actually encouraged a large number of newcomers to view this venture as a stable career and solid investment strategy. 

I’m curious about how this has affected those of us in this group. Has the coronavirus affected your investment strategies in a positive or negative way?

Honestly, one of the more difficult challenges in real estate investing is managing your contractors. Home flipping almost always requires the help of a professional, so it’s important to know exactly how to manage your team so they stay on time and on budget throughout the process. 

What’s been your experience with this side of the business so far?

https://www.fool.com/millionacres/real-estate-investing/house-flipping/6-tips-managing-contractors-real-estate-investor/#

Have you contemplated dipping your toes into real estate investing but weren’t quite sure the best way to get started?

There are a variety of ways you can get started – joint ventures, wholesaling, and property management are just as few ways to test the real estate investing waters. See how some seasoned real estate investors develop habits that help them to succeed in this competitive industry - but what would you add to this list? 

https://www.investopedia.com/i...

Share the best advice you have in the comments.

COVID-19 has certainly impacted the real estate market this year and many are predicting it will affect 2021 as well. But sometimes the smartest real estate investing strategy during a time like this is to find properties that cash flow today and also have a good chance for long-term appreciation! What are your thoughts on buying now versus waiting to see what the market does? 

https://www.realwealthnetwork.com/learn/buying-investment-property-covid-19-good-opportunity/

If you're looking to buy real estate for investment purposes, there are pros and cons to consider when it comes to buying and flipping a duplex versus a single-family home. While there's more money to be made investing in a single-family rental in a high-demand housing market, duplexes offer more immediate advantages. Which makes more sense for you?

Read more.

@Jay Hinrichs That is awesome!  I know I am a little bit of an alarmist, got caught in 2008 with my neck way out and do not want to repeat.  The economy is a big ship and it will turn slowly so we should all have time to make our plays if we keep watching it closely.

@Bill F. If we sector the US Housing market and say that it will not be equally affected by the coming events it is true as you say there is no US Housing market but I still think that, just as in the stock market, it will be subject to the tides.  Yes each market will be different and each sector  so lets look at what Blackstone did.  They did not bet on the company they started, Invitation, they bet on Tricon.  I think this is significant because Tricon is focused on a more workforce housing base in lieu of Invitation which is up about 2-3 notches.  The distress is likely to be in this workforce housing and the opportunity will be in this housing as well.  I also think @Jay Hinrichs could be right that they could buy the paper, but this is not their standard MO and they did not do this in the depths of the crash.  Third party entities generally bought these notes and attempted workouts then handed these groups the stuff they could not work out.  

I hear you on all of the positive statistics but I still believe that following the big money movement is the smarter play.  I did unload everything I could in February and I still feel it was the right move.  Sitting on cash and looking for the opportunity to deploy feels right.

https://apple.news/Aek6dXXKpQ8a1WPan_PB9Pg

I keep feeling there will be greater movement in housing pricing than previously thought. Blackstone has made the move to return to the SFR arena with its 300 million investment in Tricon, Invitation is in the hunt for GC's, and we are told that there will be buying from several other massive SFR groups. They have an immense amount of cash but have not been buying much over the last 2-3 years. It seems to me they are indicating that they see a shift that is substantial coming. The statistics of foreclosure activity are suppressed by two things, moratoriums and part time courthouses. Given this reality we have no clue what the true activity of evictions and foreclosures is supposed to be now or will be in the future. The extension of eviction moratoriums put a big squeeze on smaller landlords and thus far has provided no relief to them. This also seems to play into the hands of the larger landlords that can wait it out and could potentially absorb these smaller landlords at discounts. The news is still bullish on the SFR market which is fair longer term but I truly feel there will be pain in the near term.

@Jennifer S.. Yes I keep playing that scene from the Big Short in my head about how long it took to unfold but how dramatic it was when it finally did. The corporate debt bubble is going to bring this crashing down sooner than later though, I believe.  Just as in the Big Short, even the credit ratings were lies and I think that is true with many corps currently that the ratings don't match the balance sheet.  Thanks for the input!