All Forum Posts by: Jade S.

I started to dip my toe into commercial a few years back with my residential guy who helped me build my SFH portfolio, but realized that he wasn't educated even as much as I was on the commercial "game". They weren't aware of doing cap rate analyses on the market, nor did they fully understand pro formas. But even bigger....lack of relationships with area commercial brokers. Now I'm imbedded with a couple of commercial guys in my two markets of interest.

Or work with a local commercial broker who can market the space widely.  But be prepared for a 5%+ cut of the yearly lease amount to do it...always a trade off.

@Matt T...where are you currently invested in AR, and what issues have you been having? I have been seriously contemplating the greater Little Rock area as a potential out of state residential investment target.  

How ya doing, @Gail K....looks like you are livin the dream in Richmond County! Agreed that down here, weather really doesn't impact our rental market.  Even with my two month vacancy last year, I had two "near misses" from tenants that ended up not showing up to sign the contract and pay the deposit after verbally agreeing to rent after an initial showing.  They are out there for sure...just not quite as active as Spring and Summer.

Yes, I've run into similar issues. Took me two months to fill a vacancy in a SFH in Georgia that I acquired in October and had rent ready by November. Many folks simply may not be looking to move around the holidays, although we have had military transfers to a base where I live that can occur late in the year. It really depends on location too. Just talk to other Northeastern landlords when there is 15-20 inches of snow on the ground.

@Chris Jackson...you are still tearing it up.  Outstanding! I'm working on the refi of a recent cash purchase myself.  So, when will you hit 10 properties?

Welcome to BP, Jade! (Cool name, by the way!). Lots o learnin on BP, and the forums/podcasts can help you fine tune the directions you want to take in REI.

 @Jon S...I think that point number 4 you made above is *key*.  Competent financial literacy is sorely lacking with many in the lower and middle classes.  As a result, they are quite honestly unaware of the costs of not saving for emergencies or investing for the future.  They depend on a single source of income...W-2 income.  I also see lifestyle inflation and a massive consumption mentality that further compromises any ability to save or invest adequately.  None of us are born with the innate desire to build wealth, but financial education is the key to opening up many of those doors.  

Preach it, @Joe Splitrock...it seems that politicians who frequently tout legislation to confiscate more wealth from businesses have had little to no practical experience running businesses, and don't always appreciate the impact on the free market.  No doubt as real estate investors we get taxes coming from multiple angles...thank goodness for the mitigating deductions.  

A statist is as a statist does.  Of course she thinks the free market has failed...socialists love central planning.  Which is, unfortunately, inherently anti-freedom.