All Forum Posts by: Daniel Umstead

@Morgan Klein I will be sure to keep that in mind about putting that in about the security deposit to being to pay back remt. Is it after a certain timeframe or do you outline it as a necessity when the time comes in cases such as we are in?

0 Votes

@Anthony Wick That's awesome, what would you recommend to someone who is looking to partner with someone in your position to gain more investments in the market. I know that there are restrictions with certain guidelines, but if a good deal is a good deal, signatures should be signed😁

0 Votes

Originally posted by @Kevin Wood:

@Daniel Umstead the upside is that prices are going to decrease. Don't try and catch the falling knife right now. Ask anyone around for 2008. If they bought in 2010 once recovery was happening they did amazing. Some folks who got in during the drop had a tougher time.

In talking with friends nationally the biggest fear right now is will residential tenants be able to pay rent. Most commercial renters are already asking for discounts in exchange for longer lease terms. Residential tenancy is more of a problem. Many landlords have 1-2 months payment held in reserves by their lender. If this thing drags out 6 months like it could then a plan will have to be put in place for those remaining days.

During times like this it's important to take things as they come. The markets are highly irrational right now because public perception is overreacting. That's not right or wrong it's just the truth of what is happening. Be patient. I will say that for me graduating college in 2007 that 2008 and 2009 were fantastic to me. To be young and starting your career in one of the worst market crashes is a blessing. Buy as much as you can as we start coming out of this.

Hey Kevin,

Thank you so much for the insight on this. I have read up on a few articles for realtors and investors as far as different practices and this helps. I just didn't want to be in a stalemate position until everything blows over since I know transactions still go on, maybe not as much but definitely don't want to miss any opportunities.

0 Votes

Originally posted by @Jace Perry:

My real-estate investing laws for success in both a downturn or upturn market cycle are to focus on buying low and off-market deals.

Hey Jace,

I completely agree, if somebody finds a home valued at 300k and gets sold or 50% under market value, then boom. The deals are still out there and that is what people are missing, business still goes on and buyers are going to buy especially from what we have already seen from the last recession. Thanks again for pointing this out, have a good one.

1 Vote

Originally posted by @Kevin Wood:

I wrote a blog post on it, but here are my thoughts:

55& Up Community most at risk- could lose tenants in this age group
New Development Will Slow- Materials are going up as manufacturing goes down and demand going down due to fear
Single Family Home Prices Will Decrease- less buyers wanting to be out and about, fear; could lead to more renters
Renewals will go up
Short Term Rentals Will Go Down
B&C product rent movement won't change much A will be impacted
Commercial office will decrease

Houston Specific

Ship Channel will slow
Oil prices will dip (already happened now)
Healthcare will do great
Local investor spending will decrease

Hey Kevin,

Thanks for your insight, what do you see on the upside with everything going on in both residential and commercial?

0 Votes

All Forum Posts by: Daniel Umstead

Daniel Umstead has started 4 posts and replied 102 times.

Post: When does it make sense to sell your rental?

Post: Zen and the Art of Real Estate Investing

Post: Zen and the Art of Real Estate Investing

Post: Closed on my 1st Investment!

Post: OK who has received all or most of their rent this month ?

Post: OK who has received all or most of their rent this month ?

Post: OK who has received all or most of their rent this month ?

Post: What will be the impact of the Coronavirus crisis on real estate?

Post: What will be the impact of the Coronavirus crisis on real estate?

Post: What will be the impact of the Coronavirus crisis on real estate?