All Forum Posts by: Jay Hinrichs

It seems the headline "Housing is over-priced" is primarily by the media and housing advocates to attract attention. It's always been difficult for young people to afford their first home and usually the second and third. As mentioned above, rates and home ownership are around their historical norms. We were just spoiled by the post-2008 low rates, especially post-COVID.

I think prices are exactly where they should be! Why? Buyers and sellers set the price. Seller asks. Buyers bid. They eventually agree without coercion. No sale if it is too high, so seller will have to come down or buyer goes up. The market has always been this way and young families have always struggled to buy their first home or two.

How about this: A homeowner says prices are 30% too high, for example. Ask if they will sell their property for 30% less than current value since they feel it would be over-priced. I bet none will take that deal. Why? Because buyers will pay a price somewhere around the market price and sellers like that.

Increased supply in areas buyers want to be in is the only market-driven answer for this problem. Lower interest rates and more government assistance will drive prices higher. The only semi-promising idea I've seen in this area is zoning changes to allow for some form of ADUs on current properties that do not allow them (or smaller lots, etc): end state is more properties. That will get a lot of resistance and cause other problems, but it could significantly increase supply. I think we will regret it in 50 years if it comes to pass.

@Jay Hinrichs See post sir! I am sure you have a connection.

@Lisa Hentrich 

Welcome to BiggerPockets! Your experience and focus on off-market land and strategic development deals sound incredible. That 64.4-acre Pueblo parcel sounds like a rare opportunity, definitely the kind of deal that could benefit from a JV partner or private lender who sees long-term potential.

I'd love to hear more about how you structure your JV deals and what kind of returns or exit strategies you're typically targeting. Also, your approach to turning overlooked parcels into community-driven projects is inspiring. It's great to see developers focused not just on profits, but on adding real value.

Looking forward to connecting and learning from your experience!

@Dave Poeppelmeier

i totally agree with you - it's usually the investor, not the market.  and I invest in the midwest!  But if someone in California came to me and said "I saw a property on Zillow that I haven't been inside, in a neighborhood I don't know anything about, and I'm going to spend my life savings to buy it because Brandon Turner did a webinar in 2016 that said I'd cash flow $187 a month" I would say, "please don't do that" no matter where it is - Pittsburgh, Ohio, Kazakhstan, wherever.

so yes, team is critical.  getting off the Internet and getting yourself to these markets in person is critical.  Internet is not working right now.

@Mike Romano

We have a resource for no credit and no visa requirements for a hard money loan with rehab.  No entity needed, but preferred.  Typically, we can go up to 90% purchase leverage and 100% rehab up to 75LTARV.  Expect 12% and 4 points but can close fast.  For liquidity, we'd need to see cash to close, 6 months of fully drawn interest payments, and 25% of the rehab budget in a US bank account to qualify.

Cheers!

About the time I've heard everything...a guest calls and says acorns falling from an oak tree have dented their car, and they want to be reimbursed damages by the homeowner.  Good grief.

I advised our manager to tell them to file a claim with their own insurance company. If the insurance company feels someone else is at fault, they will most surely subrogate.  

People.

Hi everyone,

I’m Rene, Community Manager here at BiggerPockets — and I’m excited to share a unique opportunity to directly impact what our team builds next for the millions of investors in our community!

What it is: Live-testing a prototype of a potential product our team has been working on in exchange for a $50 Amazon gift card.

How it works: We’ll schedule a one-hour video call, where you’ll go through the prototype, share your honest reactions, and answer some specific questions.

If you’re interested and available on either 9/10 (Wednesday), 9/11 (Thursday), or 9/12 (Friday), please start by filling out our quick screener survey here. If you’re qualified, at the end of the survey, you’ll see a link to schedule your call.

Thank you in advance, and we hope to hear from you! 

(PS: If you’d like to participate but spots are already full, don’t worry — we’ll be conducting additional rounds in the coming weeks, so keep an eye out for a follow-up!)

This claim is interesting, especially coming from someone who is actively selling an AI lead generation tool. It seems to create a contradiction: on one hand, you're promoting the use of AI for business, but on the other, you're criticizing its use for content creation.

The purpose of a forum like Bigger Pockets is to share valuable information and help others. The source of that information—whether it's from a human or an AI—is less important than its quality and relevance. If the content is helpful, well-researched, and provides real value to the community, does it matter if it was crafted with the assistance of an AI?

In fact, using AI can be a very efficient way to synthesize vast amounts of information and present it in a clear, concise manner. It's not about being lazy; it's about being smart and leveraging the tools available to us to be more productive. Just as we use spreadsheets to manage our finances or software to analyze deals, we can use AI to help us create high-quality content.

The suggestion that Bigger Pockets should just 'integrate AI' is a separate point. Whether they do or not doesn't negate the fact that we, as individuals, can and should use the most effective tools at our disposal to contribute to the community and build our businesses.

Instead of being a 'lazy' way to get clients, using AI is a strategic one. It's about working smarter, not harder, and it's a testament to the power of the technology that you yourself are selling.

@Jay Hinrichs  agree, some courthouse sales are 100% due at the sale.  Some others are as low as 10% day of sale and remainder in 2 or 3 weeks.  Other non-government auctions are typically 10% day of auction and the remainder in 30 to 45 days.