All Forum Posts by: Brit Foshee

Awesome job as usual @Cliff Terry and @Mike Terry!

Here's my take. Would love to hear yours.

7 reasons on why affordable, single family homes will shine in the coming years.

With increased underwriting requirements from lenders, fewer borrowers will qualify for large mortgages, resulting in more demand for affordable SFRs.

Covid-19 fears & future virus fears will result in a shift from densely populated buildings (apartment buildings, flats, condos, high rises) to homes with space between neighbors. 

Covid-19 has revealed that working from home is a viable solution for many employees. This will push people from 1/1 apartments to homes with space for a home office. 

Home offices aren’t the only additional room you’ll need in this new world of social distancing. Home gyms will also be making a comeback and require additional living space. 

Cooking is also making a comeback which means people will want workable kitchens. They’ll leave small, apartment size kitchens for mid size, affordable SFRs. 

Because of Covid-19, people will likely be home more. Small apartments are sufficient when you’re on the go, but the desire for space will push people to affordable SFRs.

Covid-19 is expected to bring an increase in divorces (China has seen a 25% increase in provinces affected). In many cases, a split home will bring demand for two separate housing units.

A Summary:

People in smaller living spaces will move to affordable SFRs because of the social changes caused by Covid-19. People in larger spaces will move to affordable SFRs because of the financial ramifications of Covid-19, thus creating demand pressure from either side of the market.

Great work @Mike Terry and @Cliff Terry!

@Stanley Cenatus 

Let me know what you're looking to do and I can point you in the right direction! All the best!

@Lloyd Silver

Fort Myers is healthy. Foreclosures continuing to trend downward. It seems like large companies moving into the area almost monthly, adding new jobs. The only thing I'm concerned about is all the units that are being added. Tons of multi and even SFR's in the Lehigh and Cape Coral areas. We would need a major catalyst to see a big downturn. I hope this helps.

@Warren Romig Welcome to the area! You'll love it here!

There's a meetup on the 20th at Old Soul's Brewery. Would love to see you there!

Great Job! @Pasquale Zingarella. Best of luck in 2020!

@John Foster

Welcome to BP!  You're in a great spot. PM me your info and I'll be happy to hop on a call with you. I'm a buyer in your market and do 20-30 deals a year.

@Michael Balcom

Great job brother!  Inspiring work. Keep us posted on your future deals!

@Kevin Dong @Kristen Clarke @Tim King @Mary Katherine Blake

See above guys. I've got a kiddo entering the world around this time, but would love for you all to be there. @Jordan Williamson is an awesome host!!!