All Forum Posts by: Rene Hosman

A question has been posed internally at BP by @Mindy Jensen and I'm wondering what the communities take is - when you invest in REITs do you consider it investing in a stock or investing in real estate? To quote Mindy "you buy it like stocks, but it's backed by real estate holdings..."

I'll share my personal opinion but I want to hear what you all think first!

A REIT is typically a corporation who is passive and takes specific tax advantages. Its investors are shareholders who own shares in real estate. My company is also a corporaiton and we issue shares to investors - who are shareholders as well. I consider it investing in real estate as that is what is backed by and the stock is just the investment instrument - some may invest in debt instruments like bonds and other shares. In a syndication you are a limited partner. In a syndication, reit or a fund, you are a passive investor investing in real estate and whether its a stock, bond or some other instrument that is what you hold.

What a concise and well thought out answer, no surprise from you Chris, you always know your stuff!!

My opinion on the matter was that a REIT is a stock because all stocks are backed by different assets and REITs just happen to be backed by RE, however you're not just investing in the RE you're investing in the systems and processes of the businesses that run them which is key IMO. But now you have me thinking about this differently when you say the stock is just the instrument by which you invest...

1 Vote

Quote from @Jules Aton:

Stock.
In 2021-2022 I was tired of being a landlord and sold several rental properties that had appreciated nicely. My thought was to invest in REIT Index fund as a truly passive way to keep a RE component in my asset allocation. It became apparent quickly that the REIT fund was mimicking the TSM fund which btw also contains REITs. I liquidated the REIT fund. My AA now is back to TSM, RE and a small % of cash for SORR protection because I'm getting close to retirement.

Such a great example of how investing goals change over time, I'm glad you were able to find a passive way to invest in an asset you liked and understood. I'm curious if you ever considered taking some of that money and putting it more directly into syndication investing? I hear all the time that syndication investing is the most passive way to invest in RE but instead you chose a REIT which you classify as stock. No wrong answer I just haven't reached that phase of my investing yet and I'm curious how you decided to allocate your money and what factors you considered?

0 Votes

I'll share my personal opinion but I want to hear what you all think first!

1 Vote

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3 Votes

Quote from @Sas Sel:

Hi Investors!

I'm feeling a bit stuck and hoping I could benefit from your expertise and/or experience in this field, first some background:

1. I'm a Canadian (living in Toronto) and want to quit my 9 to 5.

2. I bought Condo 1 (1 bed) in Clearwater, Florida for $65k (USD) cash in 2016. Netting around $650/month. Condo is likely worth about $150k now.

3. I took out a HELOC on Condo 1 to buy Condo 2 (1 bed) in Seminole, Florida outright for $55k (USD) in 2017. Netting around $630/month. Condo is likely worth about $150k now, HELOC is paid off, owned free and clear.

4. I bought Condo 3 in the same building for $120k in 2020, it's now worth $150k, owned free and clear. Nets $650/month.

I would continue buying in Florida but am getting very concerned with the hurricanes so would like to invest in another state that has something, somewhat close to the 1% rule or can net me around $600+/month. The things I really like about Florida, specifically the Tampa/Pinellas region: honest contractors, honest renters, low taxes, low HOA fees.

I'm interested in a duplex/triplex or another condo as my next purchase but have no idea where else to look. I like Texas but hear the property taxes are way too high. Are there any hidden gem cities and areas within those cities that can get me similar numbers to the above? My budget would be around <$300k.

@Zach Lemaster do you have any turn key properties that would fit this description?

1 Vote

Wouldn't this tenant already know you're the property manager? They don't have to know you're the owner, but unless you've been assuming a false identity while you've communicated with them thus far, they'd already know you're the PM?

0 Votes

Houston, Texas

Quote from @Christopher Johnson:

Zachary, Scott, Jeremy, We have offered several times, to each of you, to resolve any issues through Arbitration through the American Arbitration Association. All of you have refused.

We are committed to transparency, a quality experience, and helping our clients and partners achieve collaborative success. We'd like to share that this matter is being discussed in arbitration, per long standing company policy, we will not to comment on this matter until Arbitration is concluded.

We hope that those reading this post will reserve judgment until this matter is concluded in Arbitration, and we are ready to share the conclusion.

We take our reputation very seriously and are dismayed at these claims. We are more than happy to address and resolve any issue you may have in the appropriate way and forum.

However, we will make it very clear, that these allegations are false. Again, we encourage anyone who may have any issue, to contact us to discuss possible solutions, and if applicable , initiate arbitration through the American Arbitration Association. Thank you. EstateLegal.com

I will remind you of the rules here on the forums which can be found here " F - You Must Disclose Your Relationship with any Company, Website, Guru, or Other Entity that You Comment About.

If you participate in a discussion about a company, website, guru, coaching program, etc., and have any kind of relationship with that entity (e.g. affiliate, partnership, employee, owner), you must disclose this relationship in your post."

I'm asking for clarification are you a representative of Estate Legal? If so please disclose in your posts and on your profile.

If you are a representative of Estate Legal, the way that you have responded to this post on the defensive, threatening legal action, and have provided no evidence to the contrary is very telling of how this business is run.

2 Votes

Have you heard of AirDNA before? Have you used it? What has been your experience?

0 Votes

Quote from @Ellie Ryan:

Quote from @Rene Hosman:

Hey Ellie!

Welcome to the forums, this is so great I see questions about design all the time and I've personally experienced the design paralysis myself. If you have a minute, upload some of your past projects to the "deals" section of your profile so people can see some of the work you've done. Even if it's not real estate you've bought or sold, you can use that section to highlight some of your talent on different projects :)

Are you only doing in person design in SC or do you offer virtual design too?

Hi Rene! Thanks so much for your reply and advice. I will definitely upload some of my work to my profile (didn't even think of that!).

And I do offer virtual design as well. Happy to chat further if you or someone you know may be interested to learn more!

That's great! I can't wait to see your work, tag me when you get those uploaded so I can see :)

0 Votes

Charleston, South Carolina

Hey Ellie!

Are you only doing in person design in SC or do you offer virtual design too?

0 Votes

Charleston, South Carolina

All Forum Posts by: Rene Hosman

Rene Hosman has started 50 posts and replied 393 times.

Post: Are REITs stocks or real estate?

Post: Are REITs stocks or real estate?

Post: Are REITs stocks or real estate?

Post: BPCON Early Bird Pricing Extended through April!!

Post: 1% Rule (or close) in Any US/state City?

Post: maintaining privacy in lease agreement

Post: Scammed by "Estate Legal"

Post: Have you heard of AirDNA?

Post: Interior Design - Charleston, SC

Post: Interior Design - Charleston, SC

Rene Hosman has started 50 posts and replied 393 times.

Biggerpockets Logo Post: Are REITs stocks or real estate?

Biggerpockets Logo Post: Are REITs stocks or real estate?

Biggerpockets Logo Post: Are REITs stocks or real estate?

Biggerpockets Logo Post: BPCON Early Bird Pricing Extended through April!!

Biggerpockets Logo Post: 1% Rule (or close) in Any US/state City?

Biggerpockets Logo Post: maintaining privacy in lease agreement

Biggerpockets Logo Post: Scammed by "Estate Legal"

Biggerpockets Logo Post: Have you heard of AirDNA?

Biggerpockets Logo Post: Interior Design - Charleston, SC

Biggerpockets Logo Post: Interior Design - Charleston, SC

Post: Are REITs stocks or real estate?

Post: Are REITs stocks or real estate?

Post: Are REITs stocks or real estate?

Post: BPCON Early Bird Pricing Extended through April!!

Post: 1% Rule (or close) in Any US/state City?

Post: maintaining privacy in lease agreement

Post: Scammed by "Estate Legal"

Post: Have you heard of AirDNA?

Post: Interior Design - Charleston, SC

Post: Interior Design - Charleston, SC