Hey all,I’ve been focused on performing 1st position residential notes and noticing some shifts—more tech tools for due diligence, tighter compliance, and steady demand for performing paper.Curious—are you seeing more performing or non-performing inventory right now?

I am just trying to ground my expectations...I am concerned I am passing on deals that are "as good as it is going to get" right now.I don't want to invest out of state (we just sold our last out of state rental (the rental did okay for 7 years, but did not perform as well as I wanted...but again, maybe my expectations are off)I don't include items like cost seg/accelerated depreciation in 1st year cash on cash calculation...I look at it as the icing on the cake (because if I don't 1031, that depreciation gets recaptured)....and it goes without saying, if anyone has some opportunities I am always happy to take a look.Thank you so much, I think this information will be helpful to many of us up here in the North Valley.

Let's be honest with ourselves, if Investor A finds themself in conflict it's most likely going to be landlord tenant related, a premises liability claim or a payment/performance related dispute. 

The BEA has performed 12 major overhauls of its methodology since WW2, including in 1958, 1965, 1976, 1985, 1991, 1996, 1999, 2003, 2009, 2013, 2018, and most recently in 2023, where we “introduced new PCE price indexes excluding food, energy, and housing (and services excluding energy and housing.”Why So Many Revisions?

San Diego has historically out performed virtually all other markets.

Good information in this post, though I’d be cautious about characterizing the arrival of a single employer or agency—no matter how large—as an inflection point.The more nuanced truth is that Huntsville has seen strong job growth for many years thanks to the constant influx of new employers (or incumbents expanding), including the FBI, Under Armor, Parsons, Fifth/Third, Glaukos, SpaceFactory, Total Quality Logistics (TQL), and so on.The point is that Huntsville’s growth seems like a secular, broad-based trend more than anything else, and so market performance is likely to be influenced by that rather than the arrival of U.S.

Find a agent that is a high performer in the area.

Kiyos is a shell contractor who performed over a million dollars of shell work and never got paid.  

That allows tighter oversight and better rent-collection performance, which helps keep economic vacancy lower than your 8-10 % assumption.Would be glad to compare notes when you’re in town later this month, always good to align perspectives on underwriting ranges and market direction.

Start with one property to test how your team performs.