All Forum Posts by: Ryan Kurth

Honestly I haven't had the time to read through this yet, but CoreLogic usually puts out some thought provoking stuff with good data and methodology behind their research.

The following link provides a summary of their Q1 2013 Renter Applicant Risk Index Report

http://www.sacbee.com/2013/07/18/5575564/corelogic-releases-first-quarter.html

Thanks, Ned.

I've been educated in real estate finance for some time now, and the truth of the matter is you can have an Ivy League degree but until you get your feet wet will not really know the business. I'm sure a lot of people here wouldn't know the first thing about closing a repo loan for a client's acquisition of a non-performing loan pool sold by a foreign bank, but a lot of the nuances they wouldn't be too surprised with either.

It's the discrepancy between knowledge and wisdom that I will be spending the next few (dozen) years narrowing.

Thanks!

Hola Biggerpockets people,

I am a new investor, recently transplanted to Los Angeles via Tacoma, WA > Pullman, WA > San Diego, CA > Washington, DC > Here

I have been on Biggerpockets for some time now, and may have even interacted/posted here and there in the past. I have studied real estate and finance most of my adult life, and work in commercial real estate as a full-time gig.

But, I am now calling myself new here because I now feel I am ready to start planning out how to start working for myself, even if its just on the "side" building a portfolio. (I realize real estate is never actually passive as some people think.)

As much knowledge as I have and time I've spent working for and with the big investors of the world, buying real estate for yourself is a whole other ball game and on a scale of 1-10 I'll (guesstimate) put myself at a level 3.5 right now.

I'm basically looking to get into my first deal within the next year, with a basic game-plan of buying my first home and utilizing financing opportunities available to me know while I still got 'em. LA should be an easy market to dabble in, right?!? (said facetiously)

I hope to be more involved in the community here as I plot and plan my route to success.

On another note, I think I can provide a unique perspective as I have worked in finance for ~5 years, including 3.5 years at a GSE and the rest working with some of the largest private equity funds in the world.

Thanks and hope to talk you y'all soon!

Sounds like a simple enough question, but with many complications. I'd like to hear your ideas on what banks, the GSEs and FHA could be doing better in order to unload their REO inventories (faster and while taking reasonable losses [i.e. selling them all for $0.99 does not count]) and get the for sale market back to working order again (or somewhere close to it)

Could they have better marketing strategies? Offer owner-occupants or investors better incentives? Be clearer on terms/procedures?

Just curious to hear what everyone thinks, especially since so many of us here are the ones with acutal feet on the ground, and not our heads in Washington, buried in a book of academia

FYI, Homepath was created simply as a way for FNMA to market its properties, and no one else's

All great points! Thanks!

Thanks Ophelia! I agree, one of the scariest things about this property is the exit strategy.. Any thoughts on (not saying it is a possibility but if it were) buying out the other owners, getting the building FHA approved and reselling?

Thanks again,

I also did not listen to the entirety of the video.. on that note, I know that Fannie Mae's chief economist provides his forecast for free on their website, and has been relatively accurate (#4 according to WSJ)

http://www.fanniemae.com/media/economics/index.jhtml?p=Media&s=Economics+&+Mortgage+Market+Analysis

okay, so when reading about the 50% rule, I also came across the 2% rule. According to that screen and that screen only, conservatively this property should sell for ~$55,000.

That is a disappointing statement, b/c in the SF market in DC (arguably one of the strongest rental markets in the nation right now) there are absolutely ZERO properties that would fit that bill, or even come close to it. (unless they are income or age restricted or if you can convince a renter to live on a parking space or in a war zone)