All Forum Posts by: Russell Brazil

I am Bert Waylon. It’s been five years of Probation now 3 1/2 years of prison and 3 1/2 half years of halfway house and more Probation why God’s name has nobody gone after this guy.

Kind of weird you spelled your own name wrong.

3 Votes

Indianapolis, Indiana

Quote from @Collin Hays:

A house next door to my principal residence is for sale. However, there is a disclaimer in the listing that says "no XYZ Bank (a large local bank here) employee or family of an employee is allowed to purchase this property."

Why would that prohibition be in the listing?

It's a foreclosure owned by that bank

1 Vote

Quote from @Sam Bhattacharya:

I am a landlord in Maryland. I have learned that I need to apply for a rental license. However, I have questions about the application process and need more guidance.

Who is the best person to contact about this?

Contact your county or city government

0 Votes

Quote from @Sergio María Cabanillas:

Investors in Washington, D.C. I’m looking to invest in Washington, D.C. Any advice you can give me? I’ve noticed that, given the high housing prices, to achieve a decent monthly cash flow, you need to pay more than 20% down. Thank you

It takes about 40% down to break even currently.

1 Vote

Washington, DC

Quote from @Victor N.:

Hello all,

My name's Victor Ning, and I'm based in DC. I'm new to real estate and would like to build a rental portfolio. I'd like to meet like-minded people here and grow together.

Victor

Welcome to BP. There is many DC investors here.

0 Votes

Washington, DC

Let's hope so!

But this is not as big of a deal for the Boston area as it would be for other markets. Boston already has a plethora of multifamily housing, which largely doesnt exist in the entire mid-atlantic or southeastern parts of the country. Multifamily homes are primarily a thing in the northeast.

1 Vote

Boston, Massachusetts

Quote from @Roland S.:

@Russell Brazil i am in TX... lol. What would you recommend in this situation? Thx russell!

Go figure. Texas is one of the price non-disclosure states I was referring to. Youll need to hire a real estate agent if your want the data.

1 Vote

I'm a top 1% agent, and I almost never actually look at the MLS. Sales data is on thousands of websites available publicly. (Except in the few price non-disclosure stated)

2 Votes

Quote from @Ken M.:

Quote from @Russell Brazil:

Quote from @Rick Pozos:

When interest rates go from 3% to 8% in less than a year, YES prices will go down. It takes time for people to adjust to why their house is not selling. Then they lower a little, maybe get it sold. The comps are now a little lower. THEN market price is a little lower and again they have to be a little lower than that and on and on until we get to equilibrium.

If prices have NOT come down and there is lots of demand for housing in that area, prices may only come down a little, if any. In most markets, prices will come down plenty more over 2025 and maybe more in 2026. Just my thoughts.

Has rising interest rates ever correlated to falling prices nationally? Nope. Rising interest rates have correlated to rising prices however. Rapidly falling interest rates have correlated to falling prices.

Here is a FB post of mine from 2021 that predicted rising rates would correlate to rising prices.

We haven't seen a "normal" market for a while. But back before rates were reduced below the 100 year average,

how many "Days on Market" could an average property expect to be on the MLS before getting a bona fide offer?

or put a different way, how many months of inventory was considered a "balanced" market?

6 months supply is what's considered a normal market. However as inventory total units and sales has plummeted, that has skewed the data so that months of supply isn't really an accurate indicator.

A normalish market, favoring sellers a little bit should have something around 5.5 million home sales per year nationally. This is what we were seeing in 2015-2017 about. In 2024 we had only 4 million home sales. I can look at my market locally and see we have on average right now 5,000 units for sale at a given moment. 10 years ago that was 16,000-18,000. So if inventory were to say double in my market to 10,000 units, that would show a huge jump in months of supply, but would not be reflective of actual deman because of the law of small numbers.

I think the US has about 1.25 million units available for sale right now. In a more normalized situation, that should be closer to 2 million.

3 Votes

All Forum Posts by: Russell Brazil

Russell Brazil has started 176 posts and replied 16701 times.

Post: Should I Use the Listing Agent or Get My Own?

Post: Clayton Morris still free

Post: Question for residential real estate professionals about prohibited buyers

Post: Who do I contact for questions about applying for a rental license?

Post: Long Term Rental in DC

Post: Hello from Washington DC! New student to real estate looking to own rental portfolio

Post: Abolition of Single Family Zoning - Could this spread to all areas of Boston?

Post: How to value a property without MLS access?

Post: How to value a property without MLS access?

Post: Top 10 Cities where Home Prices will Crash in 2025

Russell Brazil has started 176 posts and replied 16701 times.

Rounded Star Post: Should I Use the Listing Agent or Get My Own?

Rounded Star Post: Clayton Morris still free

Rounded Star Post: Question for residential real estate professionals about prohibited buyers

Rounded Star Post: Who do I contact for questions about applying for a rental license?

Rounded Star Post: Long Term Rental in DC

Rounded Star Post: Hello from Washington DC! New student to real estate looking to own rental portfolio

Rounded Star Post: Abolition of Single Family Zoning - Could this spread to all areas of Boston?

Rounded Star Post: How to value a property without MLS access?

Rounded Star Post: How to value a property without MLS access?

Rounded Star Post: Top 10 Cities where Home Prices will Crash in 2025

Post: Should I Use the Listing Agent or Get My Own?

Post: Clayton Morris still free

Post: Question for residential real estate professionals about prohibited buyers

Post: Who do I contact for questions about applying for a rental license?

Post: Long Term Rental in DC

Post: Hello from Washington DC! New student to real estate looking to own rental portfolio

Post: Abolition of Single Family Zoning - Could this spread to all areas of Boston?

Post: How to value a property without MLS access?

Post: How to value a property without MLS access?

Post: Top 10 Cities where Home Prices will Crash in 2025