All Forum Posts by: Jerry Stanford

Way to go @Jacob Beard!!!  #highfive

Welcome @Elka Silaeva!!  @Nick Patterson

@Sharie Jackson

@Chase London...I wouldn't rule it out.  I would work with someone who knows the areas that you are interested in that may be able to help you determine whether or not it's a good deal. Many investors assume a low priced house must be a death trap or in a war zone and are not good. That's not always the case. Granted you want to be wise and seek help but just because it a low priced house doesn't mean it's not a good deal and it should not be assumed so by any investor without due diligence being done...

Welcome @Steven Schnur!!

Welcome @Shawn Gardner!!

Welcome @Steve Horvath!!

I listened to economist Diane Swonk from Chicago a bit this morning. She noted that new construction builders were not happy as they were not seeing the  margins they wanted for the demand they have been getting for new construction.  Two things come to my mind...1) If the new construction is slowing then the demand may shift to buyers looking for rehabbed homes...2) If #1 is happening then those buyers may be looking for rehabs that are at the level of a new construction which may raise the costs of rehabs.  Any thoughts on this??

Hey there @George Sleweon...I would suggest finding out what particular areas you are interested in and networking with someone who knows the areas well.   

@Michael Nowak...You are more than welcome. I've noticed also that I've changed my circles a bit in that I believe if you want to be successful in real estate, you have to think and talk about it. It's hard to do that with people who are not in the same frame of mind as you are about real estate. When you are talking about real estate and learning about it with others who are like minded, it is more exciting and more encouraging, even when deals may not go the way you would like. Local REIA's and meet ups have been very helpful for me in that department. Other people have started to notice a difference in my speech and thought process and because of that I've gotten a couple of private lenders. For me, the more I surround myself with real estate, the more I speak and think about it, and the more I attract opportunities in real estate.