Jungle members should read “Mastering the Market Cycle” by Howard Marks. It describes how and why different asset classes boom and bust at different phases of the business cycle, and what it looks like when credit windows are opening and closing.
Don't forget about the lagging effects of tax assessments and home insurance policy renewals. Ask folks in popular TX zip codes how their tax bill looks this year; or, ask people along the Colorado front range about that increase in home insurance premiums. 3% mortgage? Cool. Doesn't really help when that escrow shortfall comes in...
I would say #5 for CRE is personal guaranties. A large percentage of CRE loans are recourse / require a personal guaranty from the borrower. If the borrower defaults on the loan and the building isn’t worth enough to satisfy the mortgage, they’re coming after the borrower’s personal assets.
Really curious about BTB opinion on The Mandibles. Pretty much what happens when someone reads When Money Dies then gets hopped up on amphetamines and writes a novel. Pretty good stuff tbh
I've been investing in REITS as I build up some US token to eventually buy physical rental properties. Should I just focus on REITS period or keep to the eventual plan I shared. Thanks friends.
- I've heard from multiple asset mgrs that's there's "no money right now"
-short term rental occupancy is down in a luxury resort destination, AZ STRs didn't even sellout super bowl wkd even after dumping rates
- do you think with this crunch there's even more opportunity for revenue generating roles? An opportunity to break out from corporate to consult or stay put for security?
The recovering markets for hotels are driven by citywide conventions, not the short-term rental markets. The really hot markets LY are down YOY but real revenue still up to 2019
Jungle members should read “Mastering the Market Cycle” by Howard Marks. It describes how and why different asset classes boom and bust at different phases of the business cycle, and what it looks like when credit windows are opening and closing.
Don't forget about the lagging effects of tax assessments and home insurance policy renewals. Ask folks in popular TX zip codes how their tax bill looks this year; or, ask people along the Colorado front range about that increase in home insurance premiums. 3% mortgage? Cool. Doesn't really help when that escrow shortfall comes in...
Yeah that's a big one as well.
It will be interesting to see how much TX county appraisal boards cut valuations this year, if at all...
https://bonusoffer.wf.com/savingsbonus?sub_chann=
Solid $525 bonus from Wells Fargo for parking $25k for 90 days...works out to an 8.6% APY.
I would say #5 for CRE is personal guaranties. A large percentage of CRE loans are recourse / require a personal guaranty from the borrower. If the borrower defaults on the loan and the building isn’t worth enough to satisfy the mortgage, they’re coming after the borrower’s personal assets.
Really curious about BTB opinion on The Mandibles. Pretty much what happens when someone reads When Money Dies then gets hopped up on amphetamines and writes a novel. Pretty good stuff tbh
Don't know what that is
You're prob like me and don't read much fiction but it's damn good and confident you'd like it:
https://amzn.to/3G3JLNn
RE prices falling is a good thing if you’ve got enough dry powder to take advantage of it.
For sure
New to the paid sub and enjoying it.
I've been investing in REITS as I build up some US token to eventually buy physical rental properties. Should I just focus on REITS period or keep to the eventual plan I shared. Thanks friends.
This post was really just a Level 2??
Ruh roh.
- I've heard from multiple asset mgrs that's there's "no money right now"
-short term rental occupancy is down in a luxury resort destination, AZ STRs didn't even sellout super bowl wkd even after dumping rates
- do you think with this crunch there's even more opportunity for revenue generating roles? An opportunity to break out from corporate to consult or stay put for security?
If you're making money in 2023 you have a real biz and real value.
Many people will find out that running 90% opex and a $10M top-line isn't a real company.
The recovering markets for hotels are driven by citywide conventions, not the short-term rental markets. The really hot markets LY are down YOY but real revenue still up to 2019