All Forum Posts by: Stephen Stokes

@Kole Moore if you are buying properties listed on the mls you will need to put 30%+ down payment to be able to cash flow.

@Daniel K. Have you considered offering seller financing to capitalize on the equity without having to do all of the work associated with re-investing?

@Jeleser Mc Lennon I am doing the same right now. Feel free to ping me with any specific questions

@Jignesh Savaliya I personally would love to find a long term tenant willing to accept normal annual uplifts on a long term agreement but then what is the benefit for the tenant?

ok so now that we have a definition lets look at a few of the key fundamentals (facts not feelings):

Pricing:

House prices in Dallas jumped 1.7% for the month and 13.4% year-over-year.

https://wolfstreet.com/2021/05...

Employment: 

15.4 million people are still claiming unemployment benefits

https://wolfstreet.com/2021/06...

Mortgage delinquency: 

Delinquency rate of FHA mortgages rose to 17.5% in February, up from 17.0% in January and a 2019 average of 11%

https://wolfstreet.com/2021/03...

@Vik J. I share your (lack of) enthusiasm!

@Darshil Parikh definitions usually help discern what is and what is not….

What Is a Bubble? (Investopedia)

A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. This fast inflation is followed by a quick decrease in value, or a contraction, that is sometimes referred to as a "crash" or a "bubble burst."

Typically, a bubble is created by a surge in asset prices that is driven by exuberant market behavior. During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset).

@Arvin Poole I refinanced my primary and then did a HELOC just a month or so later recently. BBVA is who I used to secure the HELOC. Hope this helps.

@Surendra Chawla sent via PM

@Emilio Ramirez I saw this a few weeks ago. It’s not different than electric car fad: useless but sounds good.