All Forum Posts by: Jason S.

I put ZOHO out there under the stereotype that all RE Investors are cheap. I've customized it for my purposes, was fairly quick and easy.

Its not cool to slam someone's site around here, its not that type of forum. Also,, you are opening up yourself to scrutiny. Specifically, well never mind, you can PM me if you want.

You also may be looking at paying for some transformers etc for the electric company to handle the new load. At least we would be in CA.
Septic costs - you should be able to get that way down from $5K, depending on the system. I do not know your local rules but even in CA I have a local backhoe guy that can install systems at great prices and the inspectors love him.

Depending on your capitalization there may be an optty here, if interested, in capitalizing also on the mark-up of new homes sold by establishing a dealership/partnering with an on-site dealer, or???

Zoho has a free CRM option.

K. Marie Poe.
Since when did internet forums become so precise and picky, surely you could have interpreted that I did not literally mean "all".
I am not certain the second part of your question. Are you asking if I am certain that there are funds acquiring properties? The answer is, Yes they are.
Of course there are always properties available to purchase. My point was that they are a contributing factor to what feels like an abnormally tight market given the underlying economy and inventory. These funds are also buying at market prices, not certain why you would fee they should be paying above market. Most are buying on a per house basis with an eye on Cap Rate, not on a strictly cap rate basis.

I am thinking we should have another crash or two before its all washed out. It's difficult to read the situation because rates are in uncharted territory so it is interesting to see the PE & Hedge funds chasing yields.
If rates pop up, congress talks about reinstating mark to market, or any number of things occur things will become interesting again.
I am in the camp that we are in a "oddly tight" market right now with all signs of bubble "cant lose" mentality - that being said it could go either way depending on Govt policies and bank/gse behavior.

I think Tom Juhn that if it does not feel right, exercise extreme caution.

Seems to me that we are in some type of "bubble" without underlying indicators justifying the market tightness. You may be happy in a few months that you are not just finishing a re-hab using today's numbers.

This and there are billion dollar hedge funds buying up all the rentals right now.

Oh and with a risk free rate of return under 1% traditional expectations of risk / reward may need to be adjusted. The typical investor rules are fantastic with regard to risk (markets can move fast) but they do not have an adjustment factor for historically low rates. What to do?

Just a few thoughts.

Got it covered already. Thanks.

shhh..... nothing to see here.

Just kidding of course. I have seen homes on their sight that have sold in a flash that I certainly would have purchased.

Due diligence, as with any purchase, is the main thing.

Another reason is that The Frank Dodd Act severely restricted overdraft fees they can collect. All the Free Checking banks covered costs with those fees which they considered "voluntary".

So the Govt, in an effort to help the poor, hurt the poor by eliminating free checking from most banks (the ones left are planning their elimination I read in American Banker yesterday). Now the working poor get to lose $10 per month instead of managing their accounts correctly and avoiding fees altogether.