 Learn from the newbies (by NE [PA]) Oct 5, 2025 5:45 PM
 Learn from the newbies (by NE [PA]) Oct 5, 2025 5:51 PM
Learn from the newbies (by Ken [NY]) Oct 5, 2025 6:01 PM
Learn from the newbies (by WMH [NC]) Oct 5, 2025 6:14 PM
Learn from the newbies (by NE [PA]) Oct 5, 2025 6:29 PM
Learn from the newbies (by 6x6 [TN]) Oct 5, 2025 6:31 PM
Learn from the newbies (by RB [TN]) Oct 5, 2025 10:06 PM
Learn from the newbies (by Ray-N-Pa [PA]) Oct 6, 2025 6:46 AM
Learn from the newbies (by zero [IN]) Oct 6, 2025 8:29 AM
Learn from the newbies (by NE [PA]) Oct 6, 2025 8:34 AM
Learn from the newbies (by WMH [NC]) Oct 6, 2025 9:50 AM
Learn from the newbies (by Robert,OntarioCanada [ON]) Oct 6, 2025 4:48 PM
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Learn from the newbies (by NE [PA]) Posted on: Oct 5, 2025 5:45 PM
Message:
A few weeks ago Brad 20,000 said to watch the newbies if you want to see how new investors are making money in RE today. I’ve been thinking on that a bit since he said that. They don’t make sense to me. What I can see and in my opinion are newbies overpaying for properties then proceeding to hire out the whole project on full rehabs. Some sell, Some rent. No clue if either are actually profitable. Some I know are doing it all cash, so their ROI has to be peanuts or negative. Maybe they’re not actually calculating a return and are just buying from a position of FOMO? What are your thoughts on the newbies and their approach to buying today? --24.152.xxx.xx |
Learn from the newbies (by NE [PA]) Posted on: Oct 5, 2025 5:51 PM
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I’ve also seen one guy who bought 2 absolute DUMPS and try to flip them for way more than I would want to be comfortably all in on them to rent or sell. So that didn’t make sense either. Not sure how he ever made out --24.152.xxx.xx |
Learn from the newbies (by Ken [NY]) Posted on: Oct 5, 2025 6:01 PM
Message:
it wont be long before most newbies are gone when the market starts slipping then it will be time to watch the pros who know how to buy a house right.I havent worked on a project myself in almost 20 years,i hire employees,i havent even been in home depot in 5 years for supplies --167.172.xx.xx |
Learn from the newbies (by WMH [NC]) Posted on: Oct 5, 2025 6:14 PM
Message:
The newbies in my area definitely overpaid and now are trying to rent at above-market prices - in doing that, they've set new market prices for rent. $2100-2500 is now the running normal for pretty much anything. BUT I'm not sure they are actually finding good TENANTS. Plenty of places advertised though.
I think several are not actually new but STRs pushed out of that market, moving to LTR to hold onto their properties.
We'll see.
We no longer see the small cottages and tiny houses we scooped up every time we could - sometimes I'll still see one, but fully renovated and two to three times the price of long-term profitability. --173.28.xx.xxx |
Learn from the newbies (by NE [PA]) Posted on: Oct 5, 2025 6:29 PM
Message:
WMH, 4-5 years ago a big outfit from out of town came in and bought one of our larger apartment complexes. They took the average rents from 800-900 a month (which is normal) to 1200, just like that. Tenants were in an uproar. Commissioners bailed them out for a while with some leftover c-19 stim, but I don’t know what happened after that. I do know there are a lot of out of towners around here now and I still see these units listed for $1200 and above. I don’t know if they’re getting good tenants, but they might be recruiting section 8 tenants from out of the area. --24.152.xxx.xx |
Learn from the newbies (by 6x6 [TN]) Posted on: Oct 5, 2025 6:31 PM
Message:
Do we learn more from babies or grown adults?
Some can be learned from both, but which teaches more? --73.19.xxx.xx |
Learn from the newbies (by RB [TN]) Posted on: Oct 5, 2025 10:06 PM
Message:
The Cutting Edge Folks. --204.10.xxx.xx |
Learn from the newbies (by Ray-N-Pa [PA]) Posted on: Oct 6, 2025 6:46 AM
Message:
I have made a considerable amount of money zigging while everyone else zagged. There was point earlier this year where the number of listings was growing as interest rates were nearly flat. Since then that number has dropped about 10% as the rates dropped nearly 1%.
This is interesting as locally, now is the time as inventory builds just before that white stuff falls. So, the market isn't following historic market patterns. I think Bead was saying that us knowing such patterns might be slowing us down. I know my volume is down and I am only buying off market at this point. But there is only so much off-market stuff.
Do I think folks are overpaying? Absolutely. Have I overpaid? Compared to previous purchases - absolutely. Am I still making money? Obviously, or I wouldn't be doing the transactions.
Can I learn new and or better ways to perform routine task? I hope I learn three new things each day. I learn a great deal from someone who makes am otherwise crazy statement. Rookies do teach me a great deal too. Some of the biggest lessons they teach is what NOT to do. --67.140.xx.xxx |
Learn from the newbies (by zero [IN]) Posted on: Oct 6, 2025 8:29 AM
Message:
Torn up rat hole next to some of my apartments went up for sale. Flipping company bought it, hauled out the trash, mowed the lawn and listed it.
I looked it up. Crazy high asking price. So high I didn't even offer a counter. Plus the fact that it will be a complete rehab with some structural stuff.
Well they finally sold it. Some guy and his wife moved here from California. They paid an outrageous amount for it, comparatively.
One of my tenants walked by and started talking to them. She is the neighborhood gossip. I am going to miss her when she finally moves.
Anyhow, the new owners aren't sure if they will hold it as a rental or sell it as a flip. I can't see them renting it at a profit with what they paid, let alone what they need to put into it.
Time will tell.
I really wanted to buy it and two others around the block that have dropped in quality over the last years. People still hold onto them because the rent market allows them to get filled, even with deadbeats. --47.248.xxx.xxx |
Learn from the newbies (by NE [PA]) Posted on: Oct 6, 2025 8:34 AM
Message:
Ray, there is a hot potato aspect to this market and someone’s going to get stuck with it. I don’t want a rental or a flip if my “all in” price doesn’t allow for me to dump it in an emergency tomorrow if needed. I’m not interested in squeaker deals anymore. I’m barely seeing any of those anyway. --24.152.xxx.xx |
Learn from the newbies (by WMH [NC]) Posted on: Oct 6, 2025 9:50 AM
Message:
Just looked (briefly, out of curiousity) at a 16-unit apartment complex. It's a unique building, pretty, soaring wood cathedral ceilings and beams in the units, small apartments (1 and 2 bedrooms.)
$3.299M so average $200k per unit.
Utilities not properly split - one unit controls another's HVAC, for instance. A few of the unit have been "renovated" whatever that means. Two are empty, expected to "rent soon."
It's being sold by a trust so an heir is involved.
Tenants hate the place based on comments online in my Housing Group. Those beautiful soaring wood ceilings are not utility-friendly and the neighbor spats that (I'm sure) occur over a neighbor controlling another's temps...oy vey what a property management nightmare. --173.28.xx.xxx |
Learn from the newbies (by Robert,OntarioCanada [ON]) Posted on: Oct 6, 2025 4:48 PM
Message:
A independent landlords deals directly with tenant issues where something breaks or tenant does something stupid like a blocked toilet where with commercial Ridgid toilet auger clears out.Before rental unit is occupied all the traps in kitchen, bathtub and bathroom basin are removed then cleaned out along with all electrical, toilet, locks, windows, appliances, heating are checked where once tenant moves in everything is good. Thorough credit checks on all adult applicants eliminates problem tenants who are in the never ending rent arrears trash out cycle. First option is slowly convert building to individual metering where rent is lower along with those unpaid utility bills are immediately disqualified. Most smaller landlords carry spare parts along tools and skills to complete repairs. Hydro electric is the most abused utility where upfront cost to convert is expensive but immediately the value goes up. If has central heating plant electronic boiler controls like Tekmar and non electric locking radiator valves reduces heat. Indirect hot water tanks lose less than one degree per hour along with last longer made of stainless steel and provide more hot water during peak demand. --216.110.xxx.xxx |
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