Are we buying more rental properties or waiting for the “crash”

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Since this post started I contracted on two more. 6 total in pipeline. I will sell one I currently own.

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C2 - 150 to 200 is a number that should be considered absolute bare minimum... else what ware your time for a property where you can be cash flow negative.

Acd1- yes every property I have cash flows quite well except 2- one is on a 15 year loan that I lived in. A second one is a house I renovated and later moved out of. Eventually this one will get redeveloped I to multi family (as soon as Austin gets its act together on the development code changes). Those are drawing my numbers down. Others are 300 up to 700.

Always buying ...

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Or parts of CA
Not seeing now this downward employment tend and layoffs compounded by historically high RE prices can last despite low interest rates

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Both. A deal is a deal, regardless of macro factors

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Agree that there won’t be much of of dip - def no crash.

That said, if there is a prime time to buy, it is over the next ~6 weeks or so. Everyone distracted with election, sellers starting to get nervous with holidays fast approaching.

I think by spring there will be more clarity around vaccines, more clarity in overall market, so not as good a time.

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Ignore this 🤡

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Market correction may come coupled with the Covid-19 correction (vaccines). For now, as long as the numbers make sense, why not.

Otherwise, become a hard money lender and collect royalty interest. 🤑

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@MD1 Go to real estate investor meetings or attend zoom meetings, get to know investors in your area, and all you really have to do is let them know you’re interested in lending. If they have a good deal and need money fast, they’ll give you a call.

Usually it’s for X amount for a time period of X months, for flippers. Interest rates range from 6-12%. Even though this seems a lot, and it is, it’s usually only for 3-8 months worth and they normally pay in lump sum at the closing.

So, a $100,000 private loan would earn you roughly $2,500 up to $5,000 depending on the rate in an average of 5 month turn around. The more you lend the more you make. You’d be first lean holder on the property and you’ll be the first one to get paid when the property sells.

Do your due diligence, make sure the property that is being invested in is worth investing in. Review recently sold comparables and recently renovated projects in order to get a full picture. If you are unsure, you can always ask for collateral (fully paid off property) within your contracts. Get a lawyer to do their magic.

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There won’t be a crash anytime soon in most areas. Maybe nyc 😝

People have been waiting for the crash since the 2013ish recovery.

Those who are scared and wait years for the market to drop are not very likely to buy when there’s a violent drop in the market despite what they may think.

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