All Forum Posts by: Kristin Cooper

Jonathan Green - now that time has passed - what are your thoughts?  Joseph Cacciapaglia - I agree that many have benefited from the forbearance.  Have your rental collections changed at all?  Taylor L - I saw how insurance screwed over the Paradise Fire victims.  Steve S. excellent comments!  Thank you for sharing your link!

I am a relatively new investor with just a few properties under my belt.  I live in Northern CA and have had success investing here, however I am finding that there are much better deals to be had elsewhere and then Covid hit.  My inclination is to be patient and take advantage of the fall out.  Zillow reports that close to 4 million mortgages are in forbearance as of April 2020. 7.3% of all mortgagees can’t pay their mortgage.  Many are trying to Refi, but may not be able to given the current situation.  As we know, this will tighten up lending rules.  I am intensify my home search before this situation worsens.

I have been looking at some of the top investment markets.  I know there are several locations in FL that come up as top areas to invest.  I have concerns about many of the FL and other pan handle areas being hit by weather related calamities, ultimately increasing homeowner insurance costs in these areas.  I would like to know if other people take this into consideration when investing, and if so, how do they align their investment strategy and avoid heavily hit natural disaster areas?

I know that TX, parts of NV and other areas have been heavy in traffic of investment due to high returns.  Are others concerned that cities such as Denver, Dallas, Houston, Las Vegas, Tulsa, Seattle, will have to face their new reality of low oil prices and minimal tourism for 2020?

With all of these considerations do we invest now of be patient?

Do we overlay the map of high return with natural disaster and COVID considerations - and how is this best accomplished?  has anyone done this work?

Best regards to you all  -  I appreciate the valuable insights of this community,

Kristin

I have been holding off on any more purchases due to the virus.  I have also been looking at Phoenix and the surrounding area.  What method did you use to understand the rental market in AZ?   Were you happy with your RE, Home inspector and do you use a property manager and local mortgage company. Where do you reside and did you personally go and inspect the property?  Something I find daunting now with the virus as well.  

Excellent!  Just finished a big affordable housing grant for that area.  fingers crossed it gets funded. If so, it will add value to the whole area.  

Benjamin, 

THANK YOU! I am always trying to stretch my dollars, but could see with a 1035 exchange where this may make sense.  Did not think of it from that standpoint.  I have watched so many sales lately that just do not make sense. Thank you for shedding light...!

I am finding that lenders will not lend on property with a mobile on it. We are looking at 15 acre walnut orchard, with a 2/1 home and a 2/1 mobile, no foundation.  We want to use the mobile as an office.  Cannot find a lender.  Almost all of the ag properties we are looking at have mobiles on them for the help.  The people that purchased the property 6 years ago, had no issue with the mobile.  If any lenders can help, that would be great.

Thank you both for responding and I wish I had the ability to add more clarity to the question I really have which is how do these types of realestate deals sell when they clearly are not giving a return that's viable. I am seeing this situation all the time and I know that a good portion of buyers are investors like me so I don't understand why people buy these properties when clearly they don't pencil and yet for the last year I have watched this happen over and over again. Tell me are there really that many folks out there that don't know how to do simple math

View report

*This link comes directly from our calculators, based on information input by the member who posted.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I see that no one responded to your thread.  Did you end up buying it?