All Forum Posts by: Chris John

@Joe S.

Concrete must be a helluva lot cheaper where you come from...

@Logan McKay Zylstra

I'm not sure if this is controversial or just downright mean, but I'm having difficulty finding sympathy for people right now that are suffering from inflationary rental prices.  They've literally voted for this for years by making it difficult/expensive to build in certain locales, flooding trillions of dollars into the market, suppressing interest rates so we're a country of cheap credit junkies, creating a class of American that sits somewhere between a renter and an owner with rent control laws in that they have ownership privileges in every way except that they don't actually own the property, etc.  I just keep thinking, "sow the wind and reap the whirlwind".  I hope they learn something as they take these knocks.

Also, I feel like STRs are changing the metrics of what a "safe" real estate investment is in dangerous ways for those that may not fully understand the STR game. I know I don't, so I'm probably wrong on this one...

@Chris Hill

I'm not a big fan of paying off early.  Those houses are already paid off on the Income Statement.

Regardless, if you are going to pay off early, please be sure to leave yourself some liquidity for the occasional speed bump that life throws at you.  If you lose a job, have an illness, etc. the bank isn't going to give you any credit for paying ahead.  You can have all of the equity in the world, but if you need cash and can't qualify for a refinace loan because of not having a job or something, you'll pretty much be forced to sell.  Just a thought.

@Ron Brady

Race in America is an extremely nuanced and complex issue.  I hope I'm being overly sensitive, but when I see my name tagged as the lead in a post that mentions "yea, it's illegal, anti-thetical to the concept of equal opportunity, inconsistent with the promise of the United States Constitution, but meh, no big deal" and "I appreciate being given a look behind the curtain of conversations among some white people with the capacity to deny opportunity to black people" that you are no longer referring to me and that my part ends with "It's not shocking to me"?

Best wishes

@Steve K.

It's shocking to hear that this is happening in today's world.  Honestly, I truly feel like if someone is brave enough to discriminate in such an overt manner, they deserve to be named.  What are their names and what exactly did you do to handle the situation?  I feel like naming these types of people will go furthest is ending this type of overt behavior.

@James Brewer

If your experience is anything like mine in terms of trying to find lending, you'll get much better terms on the fourplexes than you will on the small apartments.  Several commercial lenders didn't even want anything to do with smaller apartments at all.

Good luck

@Jim K.

"As interest rates rise, so does inflation."  

Is that actually true? I'm pretty sure it's the exact opposite.  Don't you raise interest rates to counter inflation?

@Jim K.

I agree with you, but I'll play along.  Here's my scenario:

Rising interest rates make profits in real estate less lucrative than other equities for institutional investors.  One starts selling, which leads to another, which leads to a flooded market of properties for sale.

@Jonathan R McLaughlin

Not at all.  I should've done the /s or whatever it is, but I'm not that cool.  haha

@Jonathan R McLaughlin

Haha.  Definitely being sarcastic, for sure.  I've always seen investing as a blessing.  

It allowed me to ignore the trappings of a lucrative career in terms of time and responsibility, but still have hope for coming out ahead.

Best wishes