All Forum Posts by: John Clark

There might be some short term pain on certain materials but long term it will be better IMO.

It was not normal or sustainable for home values to be increasing 10-20% A YEAR in certain metros.

DOGE is a great thing for interest rates because the 10 year is elevated because we have a 2T budget deficit and its not funny anymore. 

They're very focused on trying to get the budget closer to balanced and as they do, the 10 year will drop which means better mortgage rates which is very pro housing growth.

The guy is not stupid no matter what the MSM says about him. Our President is a real estate guy lets not forget that.

 Naw...the new reciprocal Tariffs will force other countries to remove theirs. We will soon be booming.

Not to mention the boost that energy production will cause....

Not just my humble opinion, some pretty big names in the economic field agree.....

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Not likely.
Recession comes from spending money on non income producing items. Trump is trying to cut out some non income producing items so that the money can be used to pay off interest bearing debt and promote growth in the economy. Prices and rents may go up temporarily, but when builders re-enter the marketplace and start building again, inventory will rise and cause pries to drop. 

You can look at the Ford/Carter years to see actual effects of bad policy. I lived through those years and we are nowhere near what it was like then. 

Do keep in mind, that it takes about a year for policies to affect the economy. We will be under Biden's policy effects for another year.

@Bruce Woodruff

I think this is a good push. I'll give two putbacks to my prior analysis: 

1) The yield curve could invert, and the market brace, for even two years, if Trump credibly brings a candidate for Fed Chair who will lower rates regardless of what inflation data reads, or the markets expect to be extremely dovish. Even if the current Fed keeps raising rates, this will result in the yield curve inverting again, in anticipation of the new Fed Chair changing things. I think that Jay Powell has thoroughly proven that he has no political allegiance, and is singularly focused on attempting to remedy the massive err made in 2021, and that he has, actually, done the least bad job by a central banker in the world from 2022 to 2025 (*hot take!).

2) If Trump removes the threat of tariffs, inflation will stop, and he can do this immediately and at any time.

This only somewhat addresses the points in your take, which I completely respect, but also respectfully disagree with. 

I believe that inflation already picked up on the threat of tariffs, and it immediately changed some firm's behavior in pushing up prices for goods and materials that might be affected. 

I believe that, excluding "immediate deportations" of folks who cross the border and are immediately sent back, that the impact of deportations is small, and is largely isolated to the deportation of convicted criminals in jail or prison in mostly red states. I would be willing to bet on a version of that, and will, in effect, through my real estate purchases this year.

Also - to be clear, I am not arguing that the policies will be "good" or "bad" in a more general sense for Americans. Just that I believe that they tend towards an inflationary effect on non-housing goods and services, and a slightly deflationary effect on housing by reducing demand for housing.

Its typical for real estate investors to hire a private home/building inspectors to inspect a real estate property before they buy it. There are many licensed inspectors you can hire to do this. 

However, why are there barely any private inspectors who can be hired to inspect construction/remodeling projects being done on properties? 
I assumed having such inspections done during construction/remodeling projects was standard. I'm amazed to find out it is rarely done.  

Or perhaps there is a world of inspectors who do this and I just don't know where to look?
I''ve only heard of ones existing who work on large constructions projects, not small single family home investment properties.

@John Clark

Your math is not correct.

2.25 x 2 is 4.5%

 Duh. I am saying as a listing agent I would not take on a listing at that price point offering 2-2.5%  for a buyers agents on a 72K listing.  Others agents will

So I recently posted about how many realtors to contact and work with. Thank you for everybody thats helped me so far.

I have spoke with about 4 of them.

They all say they will be on the lookout for me, and they are experienced realtors.

I did however get one from here, bigger pockets, and this realtor hasn't worked with investors before, but

is asking me to sign a contract so I am working with them exclusively.

The reason I am asking what to do, is because this realtor with the contract is very new, but I heard that most

realtors will ask you to sign one if theyre serious. Should I keep looking, or try to work with the more experienced ones, or sign with the

newer realtor?

3K flat fee is reasonable. An agent is going to spend the same time on a 72K listing and a 200K listing. Our brokerage charges $495 to the broker/admin fee. Some agents will do 3% but asking anyone to do 5.5%(2.25 to each side) is not going to be attractive. I would focus on finding an agent that knows what they are doing and will get it sold, not on the cost. 

Hi everyone,

a deal came across my desk. Any feedback on investing in the south side of chicago? is it as bad as we hear it is.

The property is located around Greater Grand Crossing Close to E 71st street and the 94 highway.