All Forum Posts by: Tony Rees

@Nancy Stark

Fwiw, I agree with you that the market for SFRs will dip due to coming bankruptcy and forclosures. The moratorium on evictions and stimulus has not erased the crisis but deferred it down the line in my opinion. They could pass another stimulus and prolong it even more but eventually someone's got to eat the costs and it won't be the banks (it will be the homeowners) unless we put the tab on the taxpayer in an unprecedented move. There is a demand for tenants in apartment looking for more space to buy up the houses that hit the market which may hold home prices, it is hard to see and tell. Many are pointing out to have more than one strategy, if you buy a place for a BRRR, make sure it will cash flow so you are not forced into a refinance if the market tanks.

@Jon Pierre

Great insights and love seeing your methodology. 

@Nick Wilkinson

Amazing opportunity if you have reserves to last a recession. If you are cash tight it is high risk. If you have other liquid assets like stocks, IRA's, Insurance ect then it's a golden opportunity IMO assuming you have underwritten the deal, the area, and believe it will stay at least where it's at or appreciate and you can rent it easily. Check that the turnover time in your market is healthy hopefully less than 30 day (how long does it take to rent out a unit)

@Todd Powell

It is said that the world is run by 3 things. Envy, Jealousy, and Resentment.

Your boss envy’s your courage to invest in Real-estate, is jealous of your continued success and drive (as well as not owning you), and resents you for not possessing these qualities themself.

To that toxic boss, Bon Voyage!

Thanks Bastian!

Awesome Work and Congrats on the perfect BRRR!

How is negotiating with a wholesaler? Do you first have your contractor walk the property and then you can get back to the wholesaler with a price or do you make a preliminary price to them  based off of pictures and feel and then refine from there as the contractor goes through?

@Gorden Lopes

Would love to connect and get the name of your PM/Agent / lender! I'll PM you!

Thanks,

- Tony

Thank you! 

@Jeff Henderson and @Kyle Brodwater 

Does anyone work with a Rock-star Property Management company in Huntsville and can share their good experience? From SFH to MFH it doesn't matter, who's amazing?

Great Trick!

I should add that at the very end you can click "export" and email the partial list to yourself

Matthew Shay  were you able to find the data? Its astounding how hidden it is...

Looking myself to build my own financial model, so other than individually entering data for 700 markets over 5 years I'm stuck searching. Looking to export the data to an excel file of my own.

I did find 

https://www.bls.gov/news.release/metro.t01.htm

Which has two years of data for Cities sectioned by states