All Forum Posts by: Eric James

I seriously thought the op date would be 2019, or 2015. 

There’s already been one residential crash in the last 200 years. It was almost 20 years ago so just about time for another one. Sometime in the next 180 years at least. 

Just think. If they crashed 20% tomorrow we’d be back to what 2020 prices? Oh the horror!  Just keep waiting. I’m sure if rates ever drop that will lead to a massive price drop. SMH. 

I wonder how many people’s financial futures have been destroyed by “experts” predicting a housing crash. Do they feel any pity for the live’s they’ve ruined? Do they get a thrill thinking about the power they wielded over strangers? 

Any guesses if 10,000 people or 100,000 were talked out of buying houses from 2015 to 2022. When houses were 25% cheaper and rates were half? If 50,000 people lost out on $100,000 in appreciation we’re talking we’re talking $5BILLION. 

Hi Eric, 

When do you expect the other 2 units to be completed? 

There are lenders that will go up to 29 units. 

How much were you looking to borrow?

@Eric James this is where I'm focusing my efforts too. Here in VA there are a lot of very deep value or abandoned multifamily buildings. Seems like they're too big for the average joe to deal with and too small for the big boys. Still great equity and cash flow!

For the future I am switching to the buy it off the market and put it on the MLS with a realtor method. That seems to be the least confusing way to do things. Also when you put things on the MLS you make more money. There is no "business partners" who need to come into the property. There is no "what is this on the HUD". I can't retire on these small assignments. I can retire actually in 100 years with daisy chain deals haha. The new regulations will make my offers even more competitive. I can pay more than a wholesaler, high EMD, and close sooner. I could even make the EMD nonrefundable if I am feeling bold. There is no 30 day close with a 21 day inspection period haha