All Forum Posts by: Eric James

Quote from @Nathan Gesner:

Quote from @Jennifer Stammberger:

Hi! I'm a new investor. I own 3 properties. One is a STR in Joshua Tree, second is a cabin near Sequoia, and the third is a vacant lot in JT that I have listed for sale. I am interested in out of state investing (long term leases) and want to learn about the best rental markets out there. Can someone give me tips on where I should start researching? Thanks :)

Read "Long-Distance Real Estate Investing" by David Greene. That book will tell you most of what you need to know.

Look up Dave Meyers posts or videos. He crunches data and regularly posts about the best markets to invest in.

 All you need is a dollar and a dream team, lol.

Quote from @Francisco Milan:

Quote from @Carlos Ptriawan:

Quote from @Eric James:

At present one issue is commercial loans that will have interest rates adjust in the next year or so. Those owners may be forced to sell for a loss/ be foreclosed on. 

The residential market is hanging on, with many not selling to hold on to a low rate mortgage. This is helping keep prices up. But what if conditions change? For example, unemployment rising several percent, forcing an increasing number of people to seel their homes into a high interest rate environment? We may only be at the beginning of difficult times.

 unemployment data in all sector is showing that the job market is too strong and unemployment is reduced.

please do note that these "so called recession" is not a natural recession, but a "technical recession" created by gov. policy , the real economy itself is just fine , prior to 2020 Fed is already doing QT but then due to covid they printed money too much (not accidentally), now they have burnt the money , but they already announce they would print the money again next year. It's not that complicated. 

price would going skyrocket again til 2025 lol

 Do you have data to back what you replied?

 Jerome Powell says the economy and employment markets are strong.....so it must be true. LOL.

Data say it did happen. Vacancies rose in Vegas (and nationwide) during the GFC.

https://www.deptofnumbers.com/rent/nevada/las-vegas/#vacancy_rate

At present one issue is commercial loans that will have interest rates adjust in the next year or so. Those owners may be forced to sell for a loss/ be foreclosed on. 

The residential market is hanging on, with many not selling to hold on to a low rate mortgage. This is helping keep prices up. But what if conditions change? For example, unemployment rising several percent, forcing an increasing number of people to seel their homes into a high interest rate environment? We may only be at the beginning of difficult times.

Quote from @Bill B.:

No idea. Rents were going up for me. Properties lost value but provided more and more cashflow. PROBABLY, they are talking about people with either adjustable rate loans or introductory periods with interest only payments where their payments suddenly rose. I only did fixed rate loans. 

 In some places rents did go down. For example, homeowners putting their houses up for rent rather than sell for a loss. Driving rental prices down.

Isn't population growth one of the principal factors for investing in real estate?

Banks loaning at 3% interest remind me of investors buying 3 and 4 cap real estate.

I'm a man. Men produce value.

Quote from @Jay Hinrichs:

being a residential agent could be very difficult outside of your warm market  IE other teachers family and friends.

there are other sales positions though that could cater to nights and weekends.. Timeshare .  Land sales  Vacation fractional sales

some leasing gigs etc etc.. 

This is what I typically see with realtor business. Literally everyone has a family friend or relative that is a realtor. If they didn't contract that person as their realtor it would generate bad feelings, so that person automatically gets their business

To me, the holy grail isn't a choice between appreciating vs cash flowing real estate. It's value add real estate than one can somewhat quickly recoup the initial investment