KWL85

Welcome aboard kid.

:geauxtigers:

Grown men in the trenches. As it t should be.

We comin!

I am about to add some OUST. Pissed that I didn't pull the trigger last week.

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Derek Curiel

Hit-first lefty, can play CF. Has some juice to hit it out the yard

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This is a good comp. We are lucky to get this kid on campus.

Really felt like we would target another CB by now. Also, thought we would add another thru the portal. We feel light at this spot.

I think he said 15-20 years out, which is what I have read in other sources.

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I am about to retire and that is where some of my concern comes from. Are you worried about not cash flowing a property or some sort of economic downturn leaving you upside down and putting your assets at risk?

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I stopped adding long term rentals a number of years ago, so I might not be the best to answer. I retired from my day job 10 years ago, and only do short term projects now. I have bought a few short term rentals in the past few years with intent to only hold them for a few years, and most of my activity is new construction now. I buy lots or land, hire a builder to build a spec house, then hire a realtor to sell it. These projects have about an 18 month life cycle, so I don't have to make long term projections.

For rentals, I have not experienced any downturns that have ever seriously affected my cash flow. I am in a growth area. My rentals have stayed occupied, so cost increases related to property tax and insurance increases have been the biggest changes to cash flow. Insurance costs have risen significantly in the past 5 years, so know the current numbers and expect them to keep increasing. I never treat maintenance costs as surprises. My cash flow issues happened with long term renters that I chose to leave their rent at same level. Long term renters are worth some cash flow changes to me. . If a STR or when bringing on a new renter, you can adjust rent prices. Investing in a growth area makes it much easier invest in any type of rental investment.

I became a real estate investor using some decent stock market assets to support any financial surprises. Not sure I would do it without a comfortable level of backup assets to deal with surprises. Also, I expect maintenance costs and never act surprised. A property that needs repainting, a roof and/or HVAC replacements are the big items that come with ownership. You can assess and have a plan for cost of those ahead of time. I have never experienced rental price decreases in my area in 25 years of owning rentals. I have seen short periods of home selling price decreases. But they followed recent price increases and were the buyers in the market pushing back on those increases. A growth real estate market is generally an appreciating one. I would only purchase property in a growth area.

What length of mortgage are you planning to use? The risk of becoming upside-down is much shorter if you use a 15-year mortgage compared to a 30-year. I used 15-year mortgages, so equity increases at a pace that works in your favor. I would find several successful realtors in the area to gain insight on the market. The caveat is to do your best to find good realtors to talk to, as there are more bad realtors than good ones. Bankers are also good resources for market information. Builders, too. I use all three professions as information resources.

The guys counting NC out aren't so loud now. This is a good finals.

Those stats show improvement that is crazy for an off-season. Those would be impressive for an entire year.

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Is anyone concerned with them taking the wide out for the Easton situation?

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We aren't in the room. This could be optics.

I have done it numerous times, although never with my primary residence. One issue I ran into was being forced to up my home insurance on our lake house (loan collateral) due to the size of the loan. I buy investment properties and keep an open line of credit. One advantage is this allows me to purchase as a "cash buyer". Often with cash purchases, the seller pays some of the fees that could be split between seller and buyer, otherwise.