All Forum Posts by: Conrad Metzenberg

I just used my heloc for a down payment. I will refi asap to lock something in and mitigate risk. As the previous poster mentioned it is not wise to have your primary residence leveraged long term with an adjustable rate loan. So, I'd go for it just be cautious.

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Killer info @John . I'm trying to find a deal in this market but i'm not seeing any. I suppose i'll have to make one.

@John Barr

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Originally posted by @John S.:

I was looking at the BiggerPockets 2017 Housing Trends for USA by @Scott Trench . I noticed that Memphis, TN is one of the top 10 cities to invest primarily because the rent-price to purchase ratio is one of the highest and the city also has one of the highest appreciation rates for 2017. However, in my further study, I also noticed that Memphis, TN is NOT growing in population and possibly declining a bit.

My question is how can the population be declining but also still be appreciating at 6%? Are people leaving the city but also the ones that are staying are moving into their own homes in Memphis, TN which make the prices go up? My only concern with Memphis, TN is the population decline. I'm sure those in Memphis, TN can calm my fears though ;-)

So this is my concern too. I have the same concern with St Luis. So basic economics; increasing demand+limited supply should translate to lower vacancy rates, higher rents and appreciation...so we want this. That's why net negative migration from a metro area is a real turn off for me. But it sounds like that is macro where certain areas are experiencing positive migration?

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Memphis, Tennessee

Read David Greene's Long distance investing.

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I wouldn't laugh in their face's if you can help yourself. I agree with the above; do nothing.

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I second the various comments on getting it removed for free. I've actually had this problem before. Google local bee keepers and start calling. Many professional will come remove it free of charge as they can make a small hive into something that is commercially viable. There are lots of amateur bee keepers now too who would probably be glad to help you out for free!

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Right on! Congrats!

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@Hattie Dizmond

@Jay Hinrichs

Thank you both for the pointers. Sorry to divert the forum from it's original subject. Here in Santa Barbara, CA I wouldn't call it a bubble. I'd call it more of a plateauing. We're hitting an affordability cap. I don't expect much appreciation in my area, but I don't expect a correction.

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Originally posted by @Hattie Dizmond:

Hello @Jay Hinrichs. It's good to be back. And, you are exactly correct about taxes and rental values. We still haven't moved back into buy & hold, because - in the areas we are focused - property values have far outpaced rental rates. It will balance out, but it hasn't yet. And, property taxes are exactly why I don't believe the 1% rule works A/B areas in DFW. Dallas County has been incredibly aggressive in revaluation. 10-years ago they were revaluing most properties every 3 to 5 years. Class A areas now appear to being revalued every year. Pretty much everything is being revalued every 2 years, and the valuation model is resting at or very near 100%, unless you have exemptions. I will never advocate for a state income tax. However, I would like to see a move toward slightly higher sales taxes, which would force EVERYONE to participate more in funding services, rather than placing so much of the burden on property owners.

I've been looking into investing in Texas from OOS and this is the one variable that really worries me. How do you determine the likelihood of a tax rate hike? I'm interested in San Antonio.

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So i'm interested in corpus as well. The O&G industry is investing heavily there. at a glance the 1% rule appears possible. I'd love more information on the area. @Cliff Zarbock, what kind of vacancy rates are you guys experiencing?

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All Forum Posts by: Conrad Metzenberg

Conrad Metzenberg has started 11 posts and replied 77 times.

Post: Home Equity Loan or HELOC for down payment

Post: San Antonio, TX - How to Understand This Market

Post: Memphis? Memphis. Memphis!

Post: BUY in nyc or out of state ?

Post: Tenant sees a ghost. What should my response be?

Post: Bees - are they a landlord responsibility?

Post: First Purchase Today!

Post: Are we in a Bubble??

Post: Are we in a Bubble??

Post: Investing in Corpus Christi.