All Forum Posts by: Account Closed

Unfortunately I've been away for a few months while taking care of some personal matters, so I haven't been able to keep up on discussions. 

However, several months ago there were ample amount of folks here insisting that a market crash/ correction was impossible and that prices would only continue to increase.

Curious if there are still people out there who feel this way? If so, I'd love to see some data that supports your view that the market isn't going to crash/ correct. 

Where is the best places to get a FHA 203k loan?

Hey BP! 

I'm looking to take the first step in my real estate investing career in Tyler market. I'd love to connect with any investor friendly agents, GC's, property mangers in the area. I currently live in north Dallas and want to network as much as I can to get my first deal in the coming months. 

Any additional advice about Tyler or people you think I should talk to would be helpful!

Hey y'all,  I live and invest in the FL Panhandle but like to travel. I am coming to the realization that I go to CO for a few weeks each winter and it may be worthwhile to purchase an investment property there. This would be my first long distance investment. I usually stay in Denver and travel to other areas (Keystone, CO Springs, etc) and my experience has been good, overall. I was wondering the following from folks that that have experience with the CO Market -

1. Would or wouldn't you invest here? And which investment style? ( ie BRRRR, flip, LTR, STR)

2. What are your favorite locations and why?

2. Do you have a team you love (especially if you're doing things long distance) and do you self manage/have a refined system?  

3. Any other info that you find helpful with respect to the area or long distance investing? 

Thanks in advance! 

Here's an hour long discussion on the subject featuring a bond trading billionaire (fast forward ~5m or so to get past the intros): 

Something I'll often share with clients is stock ticker MBB. It's a mortgage backed security ETF. As it goes up, rates are falling. As it goes down, rates are going up. This is the strongest correlation, it represents "back end bank profits from doing mortgages" and is thus only 1 level removed from consumer-facing mortgage rates. This is more micro than macro, but most "Johnny Consumers" are only getting 1 mortgage at a time, on a specific day, so that's really what they care about anyways. 

You can google search "stock ticker MBB" --

Here's the fun part. Lenders publish rate sheets first thing in the morning, and sometimes there's a mid-day price change if there's enough mortgage bond movement. If that movement favors the bank, they will often jump on it within a couple hours. If it doesn't, they might take their time, or not even do a mid-day price change. But this does mean there is very often some lag time. 

Meanwhile, MBB is live and trading by the minute. This means it'll often give you 2-6 entire business hours of advance notice of what mortgage rates are ABOUT to do, just with that google search. I had someone go into contract last night, but the one-day view of MBB tells me there's not a big rush to call him to lock the rate, rates will either be the same, or better, later on this afternoon. So I have time to piddle about on bigger pockets and shoot him a text about when he's available to chat this afternoon. :P By contrast, if I come in and MBB is falling, I better get on the phone and lock it all up ASAP. I'll call first rather than text, and if they don't answer, the text I send will be one that conveys that they need to interrupt their morning to call me back, this is important and time sensitive (from a customer service perspective, you can't lock someone's rate without them in the loop, even if it's "objectively" the right thing).

Trying to day-trade across days is much harder, there's no "glitch in the matrix" that yields foresight like the "glitch" created by the lag between when bond movement happens, and the couple hours it takes lenders to update rate sheets (in EXTREME cases, like March 2020, they CAN just instantly shut off locking entirely until they sort their stuff out, but in the "normal" world a business doesn't like to slam it's doors shut unannounced).