The Real Estate Guru's Do Not Know The Market. They Just Want To Sell You Their Course.

Published: April 14, 2021, 4:26 p.m.

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On the show Texas real estate radio network we\'re talking about real estate investing in the fine state of Texas yes very good so we have done very well we\'re super grateful to everyone and every possible company that has helped us along the way. There is one regret we have we just have we just have one regret just one regret okay I only have like 2 or 3 my life be completely honest with one another and one regret in our business life in our business and are you gonna are you gonna open the kimono or should we let this go like the second segment like have people still listen to call what is only regret I don\'t want any help. Esther\'s one major regret yes I will tell you this so bought a house maybe 18 months ago. And appraised at 165 we are currently under contract at 1:00 ET was on the market 6 days wow nice and this is a neighborhood you walk in. And you\'re like this is a huh this is 100 since her roof of our house and what you don\'t realize is the market\'s moving so fast underneath your feet you don\'t see it yeah it\'s it\'s big time thing so the appraisal from 165 to 181 of $15000 a year we are starting to lose some deals in corpus in on price. I\'m like well we\'re not gonna have that problem anymore what\'s the ask give it to really yeah so couple of our investor buddies kind of figured out that figured it out of course we\'ve only been in Corpus Christi 32 years right 23 years so welcome the party guys even before I met you I\'ve been exploring corpus right I told I told Tom that if Matt downs didn\'t join our master mind we\'re gonna start Houston house buyers a Corpus Christi house bars down because I took it it\'s only like 3:00 hours from sugar land so we could go run appointments down there I said we ought to do it at it was a market we identify how long\'s map for 5 years I don\'t know how long I\'ve known Matt but it\'s 1617 was when he joined sure you know we\'ve been talking about 16 or 17 so it\'s it\'s a phenomenal markets still very very good but now it\'s now we get some ice to it now Ryan so yeah we\'re just we we know our pricing guide is wrong I\'m not sure that here but we know what our pricing guide is what we think per door and how the set up is is side by side duplexes and single family the garage apartment you know we\'re we\'re gonna run those numbers will definitely if they come within anywhere close any more than 10 percent given the list price yeah just give it to him doesn\'t run it up there\'s less words bone doesn\'t matter we understand the next 5 years so so here\'s what\'s crazy just bring case in point from this house that we bought last year you know I think I\'m all into it for 2130 appraised at 165 in about a year later it appraises at 180 so when folks are running around with their hands in their pockets are putting you know their hands are I don\'t want others to do so there should be I\'m like that that house legitimately made $1200 a month in appreciation yep so for all of you out there that are waiting for the real estate crash at all it\'s not happening now I just I found a bunch of news just came out today forbearances are down for the third week in a row like there\'s no hope for closure mark didn\'t happen I would argue with this guy in Jersey. And the he was like well maybe that\'s because I told my said we\'re down to like 1.9 months of inventory in Texas we do get to 10 months of inventory correction before there\'s a price correction just young price and he was like well I mean maybe not all markets I pulled up the entire state New Jersey. 

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