These compressing cap rates are crazy. When rural Texas starts trading at a 5 cap, you know the gov is printing money.

This is a crazy good deal though.

Definitely looks like the kind of neighborhood that can support higher rents.

mwp02ag said:

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Y'all realize that's the OP in the video right?

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Ha, I obviously did not. I've been watching these guys since they first came out, and something about the marketing schtick just rubs me the wrong way. But like I said, I can't really verbalize exactly what it is, it just does. But it's obviously working, and I'll be perfectly happy to be 100% wrong on my gut feeling.

Ha, I get it tho. I don't know him but he reminds me of my buddy from Buffalo. Maybe it's an east texas thing. Just kidding of course.

He puts himself out there in a way I never could and shares a lot of good content. All my REI influencer buddies are like that. I was interviewed by one of them during a renovation and it's the most awkward thing in the world. I cringe to think it's still out there. Never again, I'll let the wife be the face of the company.