All Forum Posts by: Steve B.

@Jason Merchey. I’m pretty much just saying the exact same thing @Todd Dexheimer is speaking about just less eloquently and detailed than the manner he has put it forward.

@Jason Merchey I’m more circumspect than sanguine but that’s just as to the general market conditions. I’m not criticizing your specific value-add project, I’m not an expert in this area and it sounds like you have done your DD.

The only purpose of my post was to comment on risk which wasn’t directed to you. I just observed some accomplished investors honestly presenting risk/return vs, some blue-sky investors making categorical statements about perceived risk which has proven historically questionable. Just think of the Turkey 🦃 anecdote from Talebs book.

By the way I’ve been an advocate of Florida investments for many years due to demographic trends. I wish I would have taken my own advice 5 years ago when I flew to look at RE over there.

@Jason Merchey right, I think most of these easy value-add apartment syndication deals have been picked over extensively at this point. Now we are in the realm of low-return value-add under the auspices that these marginal projects are acceptable due to this false perception of no- risk. So it makes sense when @Jay Hinrichs and @Brian Burke are building from the ground up, they are taking a accepted and informed risk for a relatively high return which seems a lot better pot odds then investing in the current crop of these low margin value-adds in which you are taking an unknown risk masquerading as low-risk for an acknowledged low return.

@Todd Dexheimer a sustained bull market facilitates the illogical wrong-think of investors accepting a smaller delta in the false belief that the good times will never end. All we know for sure about a long term bull cycle is we are closer to a bear cycle then we were a few years ago and people demanded better margins on deals then. So the math is exactly inverted from market realities.

@Kent Ritter I think that is s great strategy. However we can probably both agree those type of deals are harder to find.

Also for the couple of people on this thread that say “ignore metrics because time/the market will take care of that”, You’re courting disaster, The perpetual appreciation theorem doesn’t trump math.

@Bill Plymouth I'm guessing by above and beyond exceptional service and drastic measures to sell it fast you plan to list it on the MLS and pick up the phone. This listing sounds like an non-financeable investment property in which case it should be selling to a sophisticated crowd which requires minimal handholding.

Also as a new agent I'm curious on what sophisticated mechanisms you have to sell houses with alacrity for exigencies? Also what awesome but expensive services are you bringing to the table that justify 7-8% commissions on a likly small turd of a SFR in a marginal location?

this sounds like some Chinese social ranking system. I think it’s a terrible idea, let’s have an open platform devoid of any nanny-state influence. Also BP isn’t broke, they don’t need a new system.

I view this idea as part of a disturbing and growing trend of social groupthink authoritarianism of which certain political types seem overly fond of in a ostensible effort to correct “wrong-think”.

@Monica Pogue many gurus tell newbies 401k’s are a scam because they want access to those liquidated funds to sell coaching or just pawn off some pocket listings. Most people talking bad about 401ks are new folks who drank some gurus koolaid.

@Matt P. If it’s class C they should be up to a 600. Under 600 average has to be mostly class D

@Paul Amegatcher if you can show me any evidence of any legal or licensing charging of a Hipaa violation for granting a pet an emotional support certification I’ll eat my hat.  That’s about as likely as taking away a medical license for overprescribing Viagra.  However  I do appreciate your wife’s earnestness.