MikeTheRealEstateGuy @MiketheAptGuy

Founder, Camino Verde Group. Inc500 Alum. We buy or build apartments, hotels and land in NV, UT, TX, TN and SC. Sharing 30+ years of real estate experience. caminoverdegroup.com Joined April 2023

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MikeTheRealEstateGuy @MiketheAptGuy

3 days ago

In February 2019, a friend and I took a course on buying multifamily properties through syndications. We both had experience buying real estate for business and our personal accounts. I had invested in first trust deeds and syndications. He had bought buildings for his…

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MikeTheRealEstateGuy @MiketheAptGuy

4 days ago

Since their record drop during the pandemic, vacancy rates have been on the rise, pushed up by increasing supply and insufficient demand. The national vacancy rate hit a high of 7.6 percent in 2023, and vacancy is on track to rise further this year, reaching eight percent in…

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MikeTheRealEstateGuy @MiketheAptGuy

5 days ago

NMHC survey reports that last quarter, the first in two years with higher deal flow, with 21% of respondents reporting more sales compared to just 6% in January. Also reported is the shelter component of the Consumer Price Index (CPI) is keeping inflation higher. Rent growth…

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MikeTheRealEstateGuy @MiketheAptGuy

6 days ago

Americans, how do you feel about Biden being proud he's going to raise your taxes? The law that Biden wants to let expire is the Tax Cuts and Jobs Act (TCJA) of 2017, a law that simplified taxes and reduced taxes across the income spectrum. This same law created Opportunity…

Joe Biden @JoeBiden

a week ago

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MikeTheRealEstateGuy @MiketheAptGuy

7 days ago

Lumber prices are about where they were in 2018, 2020, 2021, 2022 and 2023. What about the other prices of building materials?

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California Insider Show @CA_Insider

2 weeks ago

.@CTourtellotte, Managing Director of LaTerra, unpacks the broader impact of the 'mansion tax,' revealing its reach beyond wealthy property owners. Through a hypothetical scenario, he shows how it could diminish investor profits, raising concerns about its effect on real estate…

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StripMallGuy @realEstateTrent

2 weeks ago

Friend of mine runs restaurants in California. Just checked in with him. “I’m in Chicago!” What are you doing there? “I’m buying an automatic sauce dispensing machine.” Apparently the machine’s over $100k, but he can now replace the employees that spend 4 hours per day, per…

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MikeTheRealEstateGuy @MiketheAptGuy

2 weeks ago

The Nevada Supreme Court upheld a District Court ruling that the city did take developer Yohan Lowie's private property for public use. My good friend, former Councilman Bob Beers — who favored the project because it was the project had the zoning — was ousted in 2017 by…

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MikeTheRealEstateGuy @MiketheAptGuy

2 weeks ago

According to the U.S. Census Bureau, compared to the year-earlier level, multifamily housing starts in buildings with 5 or more units were down 43.7 percent.

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Jay Parsons @jayparsons

2 weeks ago

Here are the top 15 markets for apartment demand in the past 12 months. These are some very big numbers, and yet... not enough to keep pace with supply anywhere-- even outside the Sun Belt. No, it's not because would-be homebuyers are renting instead. Remember those folks are 1)…

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California Insider Show @CA_Insider

4 weeks ago

CA restaurant owners face rising costs and regulations, hindering customer service. "If our costs matched menu prices, a cheeseburger would be $40. We can't justify that to the customer," says Brian Beck. Despite good intentions, new mandates could risk business survival.

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MikeTheRealEstateGuy @MiketheAptGuy

2 weeks ago

Nationally after two years of record deliveries, the multifamily pipeline is drying up. “Back when apartment occupancy and rent growth were hitting record highs across the nation in 2021 and 2022, we saw a surge in multifamily permitting activity,” RealPage reported. “As a…

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MikeTheRealEstateGuy @MiketheAptGuy

3 weeks ago

This is a poem that has inspired me for decades. Stick to your task 'til it sticks to you; Beginners are many, but enders are few. Honor, power, place and praise Will come, in time, to the one who stays. Stick to your task 'til it sticks to you; Bend at it, sweat at it,…

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MikeTheRealEstateGuy @MiketheAptGuy

3 weeks ago

The fact that we went from “the Fed will cut interest rates six times this year” to “the Fed may raise rates this year” in the span of about four months means none of us has a clue how significant the administration's massive borrowing is affecting our economy. There has been…

Lance Roberts @LanceRoberts

3 weeks ago

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MikeTheRealEstateGuy @MiketheAptGuy

3 weeks ago

A tech company in SLC has a real estate club. My daughter just joined the company, learned of the group and soon I was invited to speak. She said there may be as many as 40 folks there. I find it interesting that a company would sponsor such a thing.

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MikeTheRealEstateGuy @MiketheAptGuy

3 weeks ago

Yankees Hall of Famer Mariano Rivera endorses Trump: 'He's my friend'. Wow. wutv29.com/news/nation-wo…

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MikeTheRealEstateGuy @MiketheAptGuy

3 weeks ago

Jeff Bezos said, “From very early on in Amazon’s life, we knew we wanted to create a culture of builders – people who are curious, explorers. They like to invent. Even when they’re experts, they are “fresh” with a beginner’s mind.” Cultivating curiosity at all levels helps…

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MikeTheRealEstateGuy @MiketheAptGuy

3 weeks ago

WSJ’s latest ranking of America’s top job markets is out. Salt Lake City and several Florida cities top the list. No surprise. wsj.com/economy/jobs/u…