All Forum Posts by: Greg Moore

@Eric Carr thanks for chiming in. I've thought about this post and the comments many times the past 7 months as I've watched Bitcoin climb 185% from $6000 (where it was when I posted this) to $18,000 (where it is today).  It's a rocket ship!  The institutional investing, as well as the endorsements from Financial thought leaders like Kiyosaki that has taken place in the 7 months since my post gives me confidence Bitcoin is here to stay. It is digital gold for those who got in early like yourself. I'm excited to see what 2021 brings.  I don't like the lack of control of any passive investment whether it be stocks or cryptocurrencies.  But I've realized these past 7 months that Bitcoin is a GREAT way to raise capital to buy more Real Estate!

Thanks @April Vogt. Great insights here. My first STR will be in the Smokies. But I hope to continue expanding every year into other high traffic, popular destination markets.

Thanks Julie! Watch for a meeting request coming your way...!

Well said! Thanks for the reminder. 

@Thomas Ackley great response, Thomas. Exactly the kind of insights I was looking for. Thanks!

@Paul Sandhu thanks Paul. I did read your posts yesterday before posting. In fact, your post is what prompted my question. I began getting nervous that perhaps I’m missing something important in my analysis and overall considerations.

I'm getting closer to my first STR. Beyond a pandemic and changes to the local law that result in STRs not being allowed, what risks are you concerned about and following closely?

@Krystle Khoo great question! Following...

PS I find tremendous value from BP Insights. I’m a data geek and the reports are insightful, current, and data-driven.

@Suzanne Hedgepeth may I please learn more about the 2b1bth on the bay? Thanks!

I'm a fan of Kiyosaki's "The Real Book of Real Estate" (c2009 Robert T Kiyosaki / Vanguard Press). In Chapter 5, Craig Coppola introduces his view of the market cycle to help an investor know when to buy, when to sell, when NOT to buy, and when to research.  Even though money can be made in any phase, it takes extra knowledge and skill to buy at the wrong time of the cycle.

My questions for you pertain to investing in SFHs in the USA:  

1. 1. What town are you investing in? 
2. 2. And based on the criteria in the quadrants, what phase of the following market cycle is it in?  

I'm in Tampa. I see new construction everywhere, and vacancy is tight, so I would presume we are in "Phase 2 - Expansion" in Tampa. 

(For those not familiar with the book, he advises Phase 1 is the time to buy, Phase 2 is the time to sell, Phase 3 "Never buy", and Phase 4 is the market bottom so it's the time to research and identify properties for when Phase 1 begins again.)