All Forum Posts by: Chris Webb

Yes, we are heading for a recession. In fact, I see RE bringing us into one. We are about to see transactions fall 50% from high to low (no timetable as this will extend multiple quarters) and since Housing is roughly 15% of GDP it will effect the overall market. The issue with a recession is the jobs market. I have never seen a called recession with low unemployment. Just my opinion, FYI - I have two econ degrees.

Someone mentioned that all RE is local and this is why having a buying criteria is so critical. It doesn't matter what happens nationally if you can find a good deal. Also, remember it only takes one seller to make your year, so keep looking and make every deal better than the last one. 

I lived in Tucson for several years and worked with a great lender at Fairway Lending. Bill A is my go to Hard Money lender and Steve Lemmons is my traditional lender; for any agents looking to close a deal that cannot close with another lender - contact Steve and see what he can do. He is the lender of last resort for all of Tucson. Good luck to all! 

HI @Kevin Brennan, I wish you luck! I just moved away from DFW to Central Virginia. I follow Mike Zuber on YouTube at One Rental at a Time. He has daily content with several multi-millionaires and does a financial news update every day. Take a look and have a blast.

I would re-read the cash flow quadrant - many investors forget that they can convert W2 income into "I" income. What I mean is they jump right in and attempt to get to the I side without a plan when they could easily transition from E or S to I.

I also liked Mike Zuber's One Rental at a Time which is his story of going from 8 units to 80. He does a great YouTube channel by the same name which presents useful strategies for all investors. Good luck! 

Hi @Joshua Mclendon, Now that you have a little bit of REI education, I would look to other sources of information. Mike Zuber ( former BP blogger) does a daily financial news on his YouTube Channel One Rental at a Time everyday and it will help give you a realistic understanding of national trends. You can then pick and choose how to apply them to your market. Take a look and good luck!

I would look for something other than her name. What are people searching for in the area? If you are building the website I assume you know this, but just putting it out there for other people. Good luck!

Hi @Danielle Loder, I am in Lynchburg too. I do not actively invest here yet. I have properties in FL and TX. I do use the Lynchburg market to sharpen my skills and I produce Cash on Cash videos on YouTube under "Invest LYH". I use these calculations to quickly identify properties that meet my threshold of 10% CoC return. You honestly never know unless you jump in, however; my Florida home cashflows way more than I calculated originally and my Texas home cash flows less, lol. Take care and best of luck. Let me know if you ever want to grab a cup of coffee. Chris

Hi @John OConnor, I started watching Mike Zuber on One Rental at a Time on YouTube and my wife has been thrilled with the content. He has a daily financial news that I watch and my wife asks me questions about how real estate can lead to financial freedom. 

Hi @Mary Jay, I know the Realtor.com app has overlays with crime on it. They have 4 different shades to view. Hope this helps! 

Hi @Lisa Koff, I would look for a strategy first. You can find one here or other sources like the YouTube channel One Rental at a Time. Good luck!