All Forum Posts by: Chadwick Fairbanks

Don't worry about the prices right now for 3 main reasons: cash is going to zero, prices are going to the moon, and you shouldn't be buying off the MLS anyways. Good investors don't pay full price - they pay wholesale price. Your first investment property should be sourced as an off-market property. I come across them on a weekly basis, but they do disappear fast. Contact me for more details about off-market properties that I can get for you in your area.

While mortgage rates really can't go down anymore, they probably won't go up either.  The Fed can't raise the rates (too many reasons to list here) which is why they pretend there's NO INFLATION!  LOL... dude, 7/16 wafer OSB is $38 per sheet, but 12 mos. ago it was $13 and 3/4 tongue in groove OSB is $56 per sheet, but 12 mos. ago it was $24.  There is a supply/demand crisis in Utah and builders nationwide are building less in general due to rising commodity costs and uncertainty about the markets, but the real issue is INFLATION.  We printed $10 trillion last year and we will do the same this year.  We'll probably print even more each year moving forward.  That means prices will keep going up regardless of inventory because cash will keep losing it's purchasing power.

What does that mean for you?  Refi the cash today and deploy it yesterday!  LOL... DO NOT SIT ON THAT CASH FOR 6 MOS.!  Cash loses value by the minute.  Once the broader public realizes the US Dollar is completely worthless (maybe several years from now), they'll stampede into hard assets which is what real estate is.  That phenomenon will only drive prices even higher.  What I'm predicting more or less is STAGFLATION and then something closer to hyper-inflation.  That (hyper-inflation) would only happen if the USD lost status as the world's reserve currency, but I believe that's the plan.  Most of the world is already trading commodities amongst themselves outside of the USD and there's talk that those same countries won't be renewing their Treasuries once they mature.  There are a lot of other variables, but the writing's on the wall.  

My overall point is this:  real estate, land, soil, whatever you want to call it is the only thing you should be putting cash into.  The best time to buy was yesterday and today is tomorrow's yesterday so why I are you still waiting??  Don't overthink it.  Get in the game and start executing.  I'll find you the perfect starter prop.

Can you get a HELOC for the $230K? Your dad already has cash. $380K cash is plenty to buy an investment property in N. Utah... forget the MLS, it's a ripoff! I get investment properties in all the time that are off-market. Get your HELOC in place and then let's have a phone call about what and where you prefer and I'll find you something!

Just sent you a friend request