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!
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?
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!
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)?
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
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 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
Your videos are always helpful. Thank you
this is fantastic!! thank you. looking to start long distance investing and this really helps
Been waiting for a deal analyze vid from you guys! Thank you for the thoroughness and providing tools we can capitalize on :)
This was such excellent information and training. Do you guys have an App for IOS?
Thanks Nick! Not right now but the tools are mobile responsive.
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!
Because he doesn't know what he is talking about. He lost the narrative at the peak of 2022
He meant 2008 after crash started, not 2010 when prices were great lol
Great video! 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?
Gotta love this channel
For the lols
Where did you get the chart for analyzing rent growth?
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!
So do i need to take classes on macro economic ? Can BiggerPocket provide classes calculations ?
How to do goog property inspection or find a good property inspector, and how to do your own due dilligence?
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)?
I have watched tens of R.E videos over the past 45 days, and this by far is the most actionable video. Amazing content
Hi there - where did you pull the data from?
Learned a lot on this one. Thank you!
Awesome thanks Andy!
What site do you like to use for your macro data?
How can 22 units build on 1.8 AC? Thx for your time.
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 am actually interested in this property. Could you reach out to me about it.
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
Thanks for watching Dennis!
Closing costs should probably be 3-4% minimum since you're paying points for most traditional investment mortgages at this point.
22 units seems a bit much for that property.. even going vertical, that would stand out like a mangled toe.
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.
Yea it does seem like a lot. I’m trusting the person who sent me this deal. I think there development upside either way even if 22 is unrealistic
@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.
CA has turned into a Sh@* Show. 7sed to be the best state in the country back in the 80.s and 90.s
What do you expect from democrats; they always have to tax the hard earned dollars from those trying to ride to the top, and it’s atrocious!
Given that this is a duplex and you will be sharing walls and possibly a yard, don't you think you could actually demand less rent?
Yes a single family at those rental prices usually means less rental for MFH typically.
Why? What makes you say that? How could they demand less rent? Just because they’re sharing with other people?
For all we know the price in the video might be low and get gobbled up immediately. If there are no bites, then I would reduce it.
@@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.
I don't get how this video has over a million views and only 302 likes and 8 comments.
There are 23k views
Too much fluff
Why are you yelling
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.
Lol I guess someone owes me a check since I haven’t seen a penny of income from social media 😂
@David Meyer that's like saying a w2 doesn't make money commuting to work. Self promoting is an ends to a means
@davidmeyer1101 what site do you like to use for your macro data?
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