Ok guys, you know the unwritten rules...when things just seem too attractive they probably are.
People give the example of your neighbor and co workers inquiring about stocks. That's when you know its one hell of a bull run (to be imminently followed by a bear).
I mean, I hear about free real estate seminars on the radio in Baton Rouge all the time. Sometimes tickets even show up in my mailbox. It just seems like everyone is either trying real estate investing or interested in doing so (not excluding myself and obviously others on this board).

Does anyone see this as an indicator of the market just being red hot right now? Aren't interest rates going to start climbing later this year? That will certainly have an impact right?

This post was edited on 5/25/15 at 1:25 pm

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Posted by HailToTheChiz

Back in Auburn

Member since Aug 2010

48939 posts

Posted on 5/25/15 at 9:24 am to bayoubengals88

I've noticed this as well. But I sort of chalked it up to me being interested so I'm more aware of the real estate stuff

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Posted by bayoubengals88

Member since Sep 2007

18915 posts

Posted on 5/25/15 at 9:51 am to HailToTheChiz

Good point. Like reading a new word then hearing it everywhere thereafter.

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Posted by secondandshort

Member since Jan 2014

1028 posts

Posted on 5/25/15 at 12:16 pm to bayoubengals88

I know a lot of people talk about wanting to get houses to rent because it's a great example of passive income. But it's a lot more involved getting start up money, loans, etc. most of the people looking seem to be wanting something they can do 0 work but still make a ton of money. Again I hear a lot of talk but not a lot of action. I currently have 3 rentals so I don't know everything by far.

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Posted by HailToTheChiz

Back in Auburn

Member since Aug 2010

48939 posts

Posted on 5/25/15 at 1:15 pm to secondandshort

quote:
Again I hear a lot of talk but not a lot of action. I currently have 3 rentals so I don't know everything by far.

I can see this.

How has it been getting started?

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Posted by NC_Tigah

Carolinas

Member since Sep 2003

123891 posts

Posted on 5/25/15 at 1:29 pm to bayoubengals88

quote:
Does anyone see this as an indicator of the market just being red hot right now?

Keeping it fairly simple, it depends on the region and location. Some are hot. Some are not. Transaction (Realtor), repair, and maintenance costs can obliterate profits. Lack of liquidity can be an issue, as can be malignant tenants. REITs are valuable in mitigating many of those concerns while still maintaining a real estate foot print in the portfolio.

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Posted by secondandshort

Member since Jan 2014

1028 posts

Posted on 5/25/15 at 4:34 pm to HailToTheChiz

It's actually been pretty good. I had some lower income properties for about 5 years. Those were interesting to say the least. Lots of crazy folks out there. Those kept me pretty busy. I've since sold those and tried to upgrade to a few smaller 3 br type houses. Not fancy by any means but not slum lording it either. I have pretty good people in all the rentals right now. Get a call every couple of months for something needing fixing. The lower end stuff was every weekend it seemed like.

Didn't mean to sound like a know it all by any means. But I do hear a lot of people say "I need to get some rental properties". Not many seem to try and make it happen.