All Forum Posts by: James B.
James B. has started 9 posts and replied 143 times.
Post: Memphis Multi-Units
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
@Douglas Skipworth @Derrick Craig @James Wachob
With a duplex, is there a sweet spot in terms of rent that will bring in a quality tenants?
I would think that rent over, say $800/month, would have most tenants opt for a SFR over a duplex?
Thanks
Post: Thoughts on Investing in the San Francisco, CA Bay Area?
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
Can't answer your questions because I don't know the intricacies of the project-I'm just happy for my friend to bring it to market.
Yes, the Bay Area is expensive!
Post: Thoughts on Investing in the San Francisco, CA Bay Area?
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
Let me try that with an active link
Post: Thoughts on Investing in the San Francisco, CA Bay Area?
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
@Kevin Brackett, @David Greene, @Chris Mason
Here's what you can expect in San Mateo on a 4plex:
https://www.biggerpockets.com/forums/311/topics/289613-thrilled-to-share-my-friends-bay-area-4plex-with-bp
Post: Memphis Multi-Units
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
@Douglas Skipworth @Derrick Craig
On a Memphis duplex, does the PM charge 10% of monthly gross rent per unit?
How does it work, can you please explain?
Thanks!
Post: New Study Forecast: More Companies Will Leave California
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
Thanks for the thread @James Park
This website should be valuable for those in the So Cal market:
Post: Thoughts on the next housing crash
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
Originally posted by @Brian Lacey:
@James B. mind you, this has never happened so it's all heresay & theory.
In a negative rate interest environment, a 30 fixed year ought to be around 2-2.5 if not lower. The Fed was at 0-.25%, & interest was around 3-4%. But again, the US never has had NIRP, or a deflationary cycle/readjustment, so who knows all this will play out.
One thing is for certain don't underestimate the government's & Fed's ability to keep this nonsense going. They'll inject more money into the economy, no different than giving a dying drug addict more drugs to keep them alive.
I agree, these are interesting times when it comes to monetary and fiscal policy, which affects us as investors. Really, it's is just a confidence game- I look at the US Dollar and it has serious flaws. Who knows how long the dollar will be the world reserve currency? Will there be a viable gold-backed cryptocurrency, a SDR (Special Drawing Right), "North American Currency" as the BRICS nations, Asians and Europeans have their own?
How will our properties be valued?
Too many possibilities to consider! Jim Rickards, and G. Edward Griffin are two great authors on these subjects.
Post: Thoughts on the next housing crash
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
With deflation, interest rates, cap ex, and other costs should drop along with rents, no?
Post: Thoughts on the next housing crash
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
Just last night, I asked my friend who is an agent on the SF Peninsula if he sees prices dropping and he said that he's still getting multiple offers and $300k over asking....
Personally, with my rentals, the property has to make sense the day I buy, and leave enough monthly cash flow to weather a down-turn.
Post: Seeking Indianapolis Area Property
- Investor
- Monterey Area, CA
- Posts 150
- Votes 81
Thanks @Steve Lawson