All Forum Posts by: Eric Delcol

Take a look at the following chart:

Fed Fund Target Rate

Interest rates are still ridiculously low.  A 10-year bond is currently at 2.34%.

Outside of anything catastrophic (North Korea acting out, Fed throttling the fed fund target rate, trade war with China, etc) this bull has at least 5-10 more years before the start of it slowing down.

@Brian Coleman

Check out my post on the Best US cities for Growth:

Map of Best US Cities for Growth

Austin Fruechting Congratulations! That's an impressive achievement. Do you mind sharing which lender you work with? Are all of your properties in KC?

@Darryl Louie

It's crazy to hear a fellow investor coming to Toronto because prices are too high in their market.  Perhaps not as insane as Vancouver, but home prices in the GTA are also ridiculously high (but justifiably so).

Kitchener / Waterloo is a good market.

re: Windsor, you can make great cashflow in Windsor but you need a drill sergeant of a PM and don't expect much in appreciation.  Windsor is the Detroit of Canada and we've all heard the jabs from Josh about Dtown.

@Tony Dong Welcome. Feel free to PM me if you need any contacts.

@Ethan Massa Gentrification- Seminole heights. But don't expect tons of positive cashflow. 12% cap rates - east of the 275 and south of the 41. But don't expect gentrification. Wanting both will be difficult but not impossible. If you find an area that is in the middle of those two areas you might find what you're looking for. The area around the base is very safe.

One of the keys to real estate investing is finding a profitable market.  Certainly you can make money in a market with stable growth, and if you're really good, even a declining one.  However, where you'll find the most success is in GROWING markets.  

Brandon on the BP podcast constantly reminds us about this by poking fun at Detroit. 

Surprisingly, Detroit isn't even close to being the worst city on this list.

Check out the following map to see how your city compares:

US metros by population growth

Notable cities with double digit growth:

The Villages

Midland

Austin

Odessa

Myrtle Beach

Cape Coral

Bismarck

Greeley

St. George

Raleigh

Houston

Charleston

Fargo

Auburn

Orlando

Daphne

Fort Collins

San Antonio

Provo

Crestview

Naples

Bend-Redmond

Hilton Head

Fayetteville

Denver

Dallas

Sioux Falls

Kennewick

@Maria Diegelman

I have an excellent agent who deals primarily with investors.

Send me a PM if you'd like their contact.

I agree with the general sentiment of this thread. If your market is a sellers market you want to wait to buy for THAT market. In the interim, look at different markets that do make sense or shift your focus from buy and hold to flips.

@Raeshelle C.

 To answer your original question - have you thought of house hacking?  You could use that $25K to upgrade your home to sell or re-finance.

"I'm looking in Birmingham Alabama, different towns in Georgia, and Florida too. I'm looking in places where the down payment would be $5K to $8K, so that I could take out a loan and put 20% down on it."

Do you have a lender that will finance a deal like that?  

In my experience I've never seen a lender who is able to do a mortgage less than $75K.

If you know of a lender that will finance a loan worth $32,000 and you can share their contact I'd be ecstatic and will gladly return the favor!