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Webinar Summary
- Introduction
- Do your research
- Develop your strategy
- Establish Resources
- No replacement for a face to face meeting
- Who is Conatus
- Ted Farry is a California State Real Estate Broker
- Purchased over 1,000 single family rentals for high net worth individuals
- On the ground to purchase, sell and/or analyze property in over 45 us markets
- Experience in Single Family rental home acquisitions, Analytics, new home construction, Commercial real estate debt securitization, non performing loans and many other aspects of real estate investment
- Worked with fortune 500 companies, investors ranging from individual to $1b+ funds, silicone valley startups and many other types of organizations
- The Problem
- We are interested in investing in Single Family Rental, but there does not appear to be opportunity that fit our parameters in our local market
- The solution – Go to other places in the country
- How do we gain comfort investing outside of our market?
- Market research
- Market trip
- Follow up
- Market Research – What are the drivers of housing demand
- Demographics
- Population; growth
- Socioeconomic segments
- % of renters vs. % owners
- Economy
- GDP
- Major industries
- Major employers
- Local government structure
- Regulation affecting rental
- Tax structure
- Property Values and rental rates
- What has the housing value appreciation been over the last 10 years
- What did housing value do in the last upswing and downturn?
- What is the forecast for future appreciation? Rental rates?
- Resources
- city-data.com
- Wikipedia
- Neighborhoodscout.com
- Local government and chamber of commerce websites
- John burns consulting
- Green street advisors
- Market Trip – See it for yourself
- Plan in advance
- Set meetings
- Plan a property tour
- Leave time for ad hoc meetings/site visits
- Gain familiarity with the market and the neighborhoods
- The best and worst neighborhoods
- Job Center
- Opportunity Neighborhoods
- Where do the big guys own houses
- Take pictures
- Bring a map and draw on it
- Get a taste for the local cuisine
- Meet with as many people as possible
- Real Estate Agents
- Property Managers
- Contractors/Rehab Vendors
- Leasing Agents
- Appraisers
- Home Inspectors
- Lenders
- Neighbors
- Local Vendors
- Resources
- Drivingrouteplanner.com
- Narpm
- Realtor associations – National, state, local
- Appraiser associations
- Home inspector association
- Yelp
- National rental home council
- Public REIT websites
- Follow Up/Continued Education
- Read the local news – Set up news feed notifications
- Stay in contact with a few key individuals you met in the market
- Set up notification emails of new properties hitting the market
- Conclusion
- Do your research
- Develop your strategy
- Establish Resources
- No replacement for a face to face meeting
- Conatus Concierge is here to help you at every step of the way
