All Forum Posts by: William Byers

Article from WSJ via MSN Money

"But rentals, the low-end of the housing market, are booming. Apartment construction has neared its fastest pace since 1989. Two of the nation’s largest home builders, Toll Brothers Inc. and Lennar Corp., have both launched multifamily construction divisions, each with around 5,000 units in the pipeline."

http://www.msn.com/en-us/money/markets/two-tier-economy-reshapes-us-marketplace/ar-AA8Idom

I usually use a contingency of 10% for rehab, and use ARV times 95% for your sales price.

Richard,

I'll put this out to some of my local investors.

welcome @Stewart Olney 

keep learning.  You've got a great start with your house hacking and can benefit from the info you will found on BP.

This article by Urban Land Institute explores the impact of FHA premium reductions on housing affordability. It links to an interactive map of markets in the US created by Realtytrac.

http://urbanland.uli.org/economy-markets-trends/will-cutting-fha-premiums-boost-homeownership/

It is also good to be cross referencing assets.  Only 21% of probates filed in our county have real property involved.

@Jesus Villarreal 

Congrats on your research, boots on the ground data gathering and making friends with the gatekeepers of information are ALWAYS good things.

@David Krulac 

That's amazing, simply unbelievable. I always track my actual expenses and profits to benchmark against my proforma. How else can you make informed decisions going forward, or be able to accurately represent investment performance to the buyer when executing your exit strategy. Just reinforces the allure of REI to the uninformed and unwilling to get knowledgeable.

@Steve Olafson 

Dating myself also, last saw Credence Clearwater Revival in 1981.

Great article and thread @Ben Leybovich 

I understand Miami market continues be a haven for South American wealth, as pointed out by @Joel Owens 

I'm not competing in the commercial arena (yet), but the institutional and hedge fund boys were driving up SFH in Jacksonville until the last year, but have tapered off somewhat. The frenzy created enough new investors that are still overpaying for properties. It remains a market that is hard to find deals for buy & hold, almost impossible for flips. I am still finding a few, but only about 25% of what I would like to be doing at this time. Working on updated acquisition strategy in attempt to adjust to the market.