All Forum Posts by: Hersh M.

@Account Closed You continue to inspire! Seriously, its time for you to make an appearance on BP podcast and share the wisdom :) Cashflow in Bay area, that has to be on the podcast. If anyone from BP podcast team is listening......

3 Votes

Disclaimer : I know no one can predict the future and this is mostly a discussion thread and hopefully fun.

Ok, so if you look at charts of bonds, there has been a clear technical breakout to the downside for bonds starting yesterday, which means yields (or rates) went up. Whats your take on rates? Are they ready to start rising? fast?

Also would you buy at higher prices and lower rates OR lower prices and higher rates?

0 Votes

Originally posted by @Keith Anderson:

Joe, I bought from the same provider using a very similar approach, and we've reached nearly identical conclusions about their strong and weak suits.

Do you happen to have stats on the percentage of owner occupants in the neighborhood you bought in? I only considered neighborhoods with 85%+ owners to improve the odds of appreciation.

Hi Keith, how do you find out the % owners? Thanks!

0 Votes

@Ronan M. Seems like you have a nice outside view from that bath. lol. And it looks portable too.

1 Vote

@Nicole Jacobson You have some great experience under your belt at such a young age. Congrats on that! And it must be good to have parents experienced in real estate as mentors.

BTW, if you are not familiar with 1% rule, just search for it. Its more like a reference and helps with analyzing deals.

0 Votes

@Amy A. Wow! Congrats Amy! I see you did not buy in 2009/10/11. Any specific reasons for that? Welcome any other advice for beginners.

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Originally posted by @Jay Hinrichs:

@Joe Kim I was buying those same homes in 2011 for 60 to 70k putting 25k into them renting at 1200.. I bought 54 of them.. they about doubled and I sold to a hedge fund 2 years later.. I like Atlanta.. I would not count on a lot of upward movement from here on out though I think many markets are at the top.. demand is still there no doubt but we are seeing push back on raising prices anymore.

I also bought 11 New constructions in the mid 2000's for go zone bene's and I had them put in scored concrete floors and they were brick homes.. other than hail damage these have been worry free .. the Go zone tax bene's sunseted on the recapture so I am selling them all.. they never went up and I am breaking even.. which is pretty good since I bought at almost the peak in 2006 ish.

I read you other post.. your issues as is all issues with rentals is in PM it looks like and maybe you did not pick the more expensive less headache properties its common for many to pick the one's that look best on paper but then you soon realize they only do because they are not in the greatest areas.

As for your Dallas stuff TAX's and foundation issues just eat your lunch in Texas.. I personally would not buy and hold anything in that state.. because of these reasons.

And it also appears your turn key out fit up front did not do a great rehab job.

did you get properties inspected prior to closing? this is important.

wish you the best of luck with it.. and yes us Note guys are going to tell you to buy some notes.. much less headache and return is higher frankly.. but no tax' bene's but I prefer write on's not write offs. ( with the exception of the GoZone that was a brilliant play)

Thanks again Jay for sharing your wisdom and experience.

Looks like the values more than doubled, almost tripled in last 5 years. You bought around 70k and currently selling for 200k. Is that mainly investor driven or there are strong fundamentals to back up such an increase? Also did you foresee such an increase coming when you bought in 2011 or was cashflow the motivation?

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@Steve Vaughan I think we millenials are not aware of the GRC, its causes and effects. I have to make an effort to study the history of finance. Most of us got into the work force after QE started and it has all been good from there, at least so it seems from the outside. :) What could possible be wrong with money printing. lol

1 Vote

All Forum Posts by: Hersh M.

Hersh M. has started 58 posts and replied 280 times.

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Post: Met my $100k cash flow goal!

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