Hi! I see you mentioned “those who bought in 2010 are happy right now” Then you likened right now, to 2010 But 2010 was after the recession, right? And you said we are heading towards or going through a recession right now. So shouldn’t we assume a recession should cause things to hit lower prices … then after we bottom we can call that new time frame the “2010”? It seems like we’re at 2007 not 2010 in my opinion. Any thoughts? Thank you!
This is a great video. The only thing I notice is, when you put the ARV, you didn't seem to comp the renovated properties around the neighborhood. It seems like $550k ARV was a 'hopeful' goal without any analysis. Could you shed more light on this? Thank you!
Regarding the inventory graph from Redfin, does it exclusively include data for existing homes? Should we also take into account newly built homes? If so, where can we obtain data for newly built homes?
Can anyone explain the math formula to calculate the annualized rate of return. I thought it was (annual profit / initial investment amount / by the years)?
David I enjoy listening to your contact you were an expert in analytics which is fantastic as I am now so I enjoy listening to your analysis it’s great you’re giving me a lot of in-depth into the real estate market house adventure offered to my own investments a real estate so I
I have opportunity to buy a package of 3 condos in Hilo for AirBnB, can you direct me to how to gauge for rental/house market in Hilo like realtor/investors/management company… much thanks
I live nextdoor to a place in L.A. that was a single house with big yard just like this. It got bought...knocked down/gutted out...rebuilt up into a dozen new luxury apartments that used up all the open space. Neighborhoods change over time and a lot of homes will turn into tightly-packed multi units in the upcoming years.
@K. L. Burgess II 12 vs 22 is a pretty decent difference. Don't disagree that knocking it and starting fresh gives the opp to add more doors but that doesn't detract from it sticking it out in an ugly fashion. Plus the costs of demolition and construction start to add up pretty quick.
@David Meyer for sure development upside just maybe not 22 doors haha. Range bound your analysis with top end 22 and bottom und 50% of zoned and im sure the numbers work either way
In the next couple weeks, the California Senate will vote on a bill that would impose an excessive new 15% tax on short-term rentals (STRs) that would make vacations more expensive and financially burden locals who share their home to supplement their income. This tax unfairly benefits the hotel industry and would impact Hosts like you.
@@Kevin-xk3me you're either going to charge a little less to get somebody to want to live in your multi-family versus a single-family or you risk high vacancy. Most people with kids with choose the single-family home over a multifamily everytime.
@@Kevin-xk3me I have several 2/1 duplexes and I get $750/ month for them. I also have several 2/1 single family and I get $900-$950/month for them. It's just how things work.
No dude the experience dinvestors can stay in the market becuase they have hoards if cash and equity they can deploy without going to a bank. New investors have next to no cash. This guy is a joke now he used to be smart when the market was going up. He makes his money on social media now.
4400 a month after rehan and you expect a 550k ARV? Do you like negative cashflow? Lol Careful everyone he doesnt do a full analysis. He hand waves so many rules.The DSCR on it is horrible. You will be losing money every month because you have to pay 7% interest rates.
If you actually watch the video I literally say the cashflow is low. Point of the video is to teach the steps of analysis I’m not trying to convince anyone to buy this property lol
