All Forum Posts by: Kenneth Diaz

Kenneth Diaz has started 2 posts and replied 8 times.

Originally posted by @Austin Mudd:

You won't see the real impact to real estate for another 6-12 months.

Thanks for the comment. How do you think real estate will look in the next 6-12 months? How will agents, such as yourself, adapt/adjust in the next 6-12 months?

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Originally posted by @Marlen Weber:

As for rent collection, April and May actually were not too terrible affected compared to rent collection in April and May 2019. I think it's safe to say that the impact has been way less harsh on real estate than we all anticipated.

Thank you for the response. That sounds fortunate that rental properties are still managing during CV. Do you think this will change in the next 12-24 months?

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Originally posted by @Brad Piper:

I cannot speak for other markets, but in DFW COVID is having far less of an impact than most other parts of the country. The total sales are certainly down, but given the outstanding job market and strong socio-economics of the metroplex, people remain relatively unaffected. This is a reflection of how strong the DFW area is as a whole

Thanks for responding. I heard the Dallas market is very resilient, that's very interesting. How do you think the Dallas market will adapt and/or look in the next 12-24 months? Do you think you will be adjusting in the upcoming 12-24 months?

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Originally posted by @Russell Brazil:

Typically during recessions the number of licensed agents shrinks, and expands during expansions. In Maryland for instance, during the housing bubble we had 50,000 licensed agents...that dropped to 25,000 around 2009, and was recently at 45,000. Id expect that number to decrease steadily during the next 24 months.

@Russell Brazil Thank you for your insight. I definitely see agents decreasing in the next few months. Since the market will hit bottom in the next 12-24 months, what would you recommend agents do to become successful and what piece of advice would you give?

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Hello BP. As you know Covid-19 has been affecting everything around us and has been changing our world. Things are just very uncertain and unusual during these time's. I am planning on becoming a real estate agent in Houston (TX) to fund future investments and branch out to my passions. Due to this, I would like your opinions on how this is affecting real estate agents and investors, and will it have a permanent affect in these careers. How are agents/investors adapting? Are they having difficulties to produce sufficient income and/or cashflow? What are your thoughts? If you have any advice I would be glad to hear it. Thanks BP! and be safe.

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Happy to be here! @Andrew Syrios

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Thanks @Martin Vehlow! I will definitely search any questions I have on BiggerPockets. Thank you for the advice!

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Hello BiggerPockets people! My name is Kenneth Diaz (18) and I am from the amazing city of Houston (TX). I love real estate and learning as much as I can about it whether it be through books, podcasts, and videos. I plan on obtaining my real estate license and using the money I make as an agent into investments like long-term rental properties and househacking. I have not yet started, but I am constantly educating myself about real estate. If anybody has any advice to share I would love to hear it.

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All Forum Posts by: Kenneth Diaz

Kenneth Diaz has started 2 posts and replied 8 times.

Post: How Is Covid-19 affecting Real Estate?

Post: How Is Covid-19 affecting Real Estate?

Post: How Is Covid-19 affecting Real Estate?

Post: How Is Covid-19 affecting Real Estate?

Post: How Is Covid-19 affecting Real Estate?

Post: New Member Introduction

Post: New Member Introduction

Post: New Member Introduction