Shared Top Border
sdcia_head3.jpg (14795 bytes)
SDCIA Message Board
Register Latest Topics
 
 
 


Reply
  Author   Comment  
larrywww

Senior Member
Registered:
Posts: 2,094
Reply with quote  #1 

 They had an original list of 35 blogs back in 2006.


https://www.biggerpockets.com/renewsblog/2006/08/25/top-35-real-estate-blogs/

Their most recent list only contained 20 blogs.

https://www.biggerpockets.com/renewsblog/2010/06/28/the-top-20-real-estate-investing-blogs



The Original Top 20 Real Estate Investing Blogs

1-2-3 Flip
BawldGuy Talking
The BiggerPockets Blog – As if you didn’t know it would make the list 
Build Bankroll
Flip This Wholesaler – Last updated May 2012, removed July 20, 2012
Good Faith Investing – Dead as of January 2012
Life as Real Estate Investors
Live and Flip – Last updated Jan. 2012, removed July 20, 2012
Llenrock Commercial Real Estate Finance Blog
REI Tips
Shaun’s Real Estate Adventures
Tom Tarrant

Honorable Mentions:
Adventures in Mobile Homes
A Student of the Real Estate Game
The Blog Of Matt Rosen – Dead as of April 2012
Flipping Smart
Mobile Home Madness
Struggling to Get Started
The Successful Landlord Blog – Last updated May 2012, removed July 20, 2012


This was created by the duo behind Bigger pockets and used the following criteria:

  • Any included blogs have been recommended by at least several people that I respect
  • They are updated on a regular basis
  • I generally have respect for the blogger/bloggers
  • Their content is educational and informative

There are many other quality real estate investing blogs out there, but they couldn’t all make the list for one reason or another Most didn’t make the cut for the following reasons:

  1. They were no longer active or were simply not posting at a regular frequency
  2. The blog spent too much time on topics other than real estate
  3. The blog was primarily a corporate blog, promoting the services of the company instead of providing top quality content for investors to learn from
  4. The blog spent too much time simply promoting products and services (affiliate or other)
  5. The blog used some other tactics that annoyed me upon repeated visits.
These criteria are rather vague---and since they are clearly competitors with these blogs, i am unsure whether this is a really legitimate list or not (except for tom tarrant, of couse).


This list has previously been mentioned before since Tom Tarrant made the list quite a few years ago, and is still on the list.

Although I think highly of Tom's website, I have reservations about the list.  I have looked at Bigger Pockets website lately and my (preliminary) conclusions are:

 

1) Most of the posters are clueless newbies.  So frequently what the threads reveal is a kind “pooling of ignorance” where 90% of the posts are brain dead and clueless---though it doesn’t stop them from dithering on.  The level of discussion isn’t all that high for most threads, so I don’t find this worthwhile.

2) Because the website is fanatic about refusing to permit posts to other websites or phone #s, a lot of experienced investors probably wouldn’t find it useful to post, especially if they have a service to promote.

3) Some investors host local events, for which, they must pay a minimum of $9 per month (or become a so called “pro” at 30$ a month).   If you are meeting local investors, they can’t really forbid you from self promotion, etc. 

3) The website gets a lot of hits, so the primary advantage is probably in terms of marketing.

4) The website hosts podcasts and has a few educational books from the pair of investors who started the website.  I have found the majority of real estate podcasts to be not worthwhile as a general proposition (not from this website, but in general). But I haven't listened to their podcasts---maybe if I have a previous interest in the guest.  (But, to my knowledge, they don't interview Bruce Norris, Sean O'Toole or others whom I follow). 
 
Anyone find this place useful?

They do have the advantage of (1) greater web traffic and (2) a whole ton of different threads.



Paul

Senior Member
Registered:
Posts: 2,035
Reply with quote  #2 
Larry, I agree with all your  comments about Bigger Pockets. I never paid much attention to it until I moved to North Carolina. I have a few key words (Charlotte, Mooresville, Concord) that I receive notifications on, but the results are usually empty-calorie stuff.

Every so often, I check posts on notes. There are a few very good contributors in this category. They're solid finance guys who know the subject and very generous (and patient) with their time. I'm surely forgetting a few, but these guys really know their note stuff: Malecki, DePaoli, Horn and Hinrichs.


mks_97

Senior Member
Registered:
Posts: 137
Reply with quote  #3 
I am not a flipper so I do not follow those threads on their website. For a buy and hold investor, I think it a great website. I do listen to their podcasts which I find quite useful. If you want to get "boots on the ground" information about an area you are not familiar with, this is a great resource.
larrywww

Senior Member
Registered:
Posts: 2,094
Reply with quote  #4 
Maybe I am being too negative, because I can certainly see how the website is useful in the ways indicated.

But I also rather feel like the level of the discussion in alot of these threads (especially those threads where newbies predominate)  is rather light.

Now, if you consult more complicated issues like notes (and Thanks Paul for your always excellent recommendations, I will investigate that), maybe mobile homes, or other areas where only a small percentage of investors are actively involved, then sure it might be useful.

Or to use it as a market barometer as Minh says (whose posts I tend to like too), may be quite useful.

I guess my problem is that I'm not really selling anything so maybe I have less overall use for the website.

But things are rather slow at sdcia these days, so i was looking around for a more active website.

But I will continue to investigate the website and try to get a more detailed sense of how I might find it useful, etc.

I do know that if you are organizing some kind of meetup and you want to target a certain area that this website (because of its higher volume) is more useful than alot of other ones.

I do realize that real estate is cyclical and with the low inventory and high prices those who invested early in the cycle don't have a great incentive to post right now maybe.  For that reason, it is foreseeable that web volume might be down on this website, etc.

But I also detect a level of frustration with the website from some of the more experienced posters---you see alot of "account deleted" after some of the more experienced posters---and my feeling is that some degree of marketing (rather than enforcing a monopoly to the 2 investors who founded it) might strike a better balance---though they aren't interested in my opinion, etc.


larrywww

Senior Member
Registered:
Posts: 2,094
Reply with quote  #5 
One issue that I would really love to see addressed is where does someone with alot of real estate go from here?   What do I mean?

1. If you have been investing a long time you might actually want to just pay taxes, but if that means trying to unwind more than a decade or sometimes a decade and a half's worth of transactions---this may NOT be easy.  If you decide to pull the ripcord without knowing exactly what your tax liability is, might not be a wise move either.

2. I have heard from alot of experienced investors that their transactions at the top of the market tend to crash and burn rather badly because so much of the inventory is seriously over priced.

3. Then there is the question of asset class---is there any kind of publication on this topic?  Multifamily, for example, is on an appreciation tear that just never seems to end--but will at some point.  Mostly Bruce is concerned with exiting residential.  What about commercial?

4. Retail and office seem like asset classes with challenging futures---amazon and home offices have taken a serious bite out of these asset classes.

5. I was amazed to hear from one speaker this year (can't recall who, maybe the 2 ladies who presented on storage) that storage increased in value over 100% in a year or so.  

6. The problem with a lot of commercial properties is that they are really full time businesses---not something that I really want at my age.

7. The stock market is always there, but seems to have already appreciated alot.  And you can't 1031 into stocks either since it's not "like kind".

8. Cryptocurrencies (the 2 leading ones) have skyrocketed, again the same fear---may that market is like the nasdaq in the year 2000.  And you can't 1031 into it anyway.

9. Trust deeds and paper are other alternatives, although you can't 1031 into them and the yields on those assets have also inflated.

The truth is that there seems to be a worldwide trend of investors chasing yields with the continuing decline of those yields.  Commercial real estate is generally priced as low as a 4 or 5 rate---depends on the asset class----but that seems very low.

10. Warehouses or other industrial properties require an expertise the average investor doesn't have---and their yields are shrinking too.

I have no real conclusion for this thread---there used to be exchange accomodators in the 80s and 90s that were very expert at trading around assets between experienced investors---not sure these guys are still around---but that is probably what I need.  (I realize there are 1031 accomodators who help with 1031 exchanges, but I am really talking about a slightly different service.  These guys charged a substantial fee---but they also provided a very essential kind of service.  The point is that you can't depreciate a property forever so they were very good at managing portfolios and creating a stable of investors who would trade properties with one another.  Thus, if an experienced investor had a very nice multifamily but had depreciated it to death, the accomodator could find another investor who likewise had a desireable property  that could be traded off.

I wonder if Ward knows a guy---or maybe Allison Mccloskey Escrow might?  

Quien sabe?
Greg

Avatar / Picture

Moderator
Registered:
Posts: 1,059
Reply with quote  #6 
Quote:
Originally Posted by larrywww

But things are rather slow at sdcia these days, so i was looking around for a more active website.




Thanks for posting the list. I'd say the SDCIA site is being under utilized. We don't make effort to monetize it, so it is basically a large blank space without the clutter you see on some of those others.

larrywww

Senior Member
Registered:
Posts: 2,094
Reply with quote  #7 

Greg: I tend to think that the board doesn't focus on the discussion website to the same extent it does with setting up the meetings.  Why isn't there a board position for someone who is involved in the blog?  (I think it should be someone local to SD so they can attend board meetings.)

Though I tend to believe the blog will rebound when the market rebounds.  It's hard to NOT go on vacation when  you have such a relatively flat market.

Regarding the list of podcasts, I find it hard to find a common thread or common rationale.

The original list of 35 clubs was a bit broader and more neutral and includes the calculated risk blog that I respect.  (Why has the club never invited Bill McBride to speak?  Yeah, I know that he doesn't really have a point of view to advance and mainly just publishes economic data.)

Here is the list:

https://www.biggerpockets.com/renewsblog/2006/08/25/top-35-real-estate-blogs/

Although when it came time to update the list, alot of the original ones were eliminated.

To me the list (and the 2012 list of 20 blogs) seems suspect---like it only includes the "loyal opposition" blogs that don't necessarily have alot of web hits and aren't really a future threat to BP dominance. 

I don't know why they never at least nominated sdcia (or some other club's website).  But then again I think that BP sees the clubs as potential competitors, not colleagues.



 

 

rickencin

Avatar / Picture

Senior Member
Registered:
Posts: 962
Reply with quote  #8 
Quote:
Originally Posted by Greg


We don't make effort to monetize it, so it is basically a large blank space without the clutter you see on some of those others.



We really appreciate that!

“It is the customary fate of new truths to begin as heresies and to end as superstitions.”  Thomas Huxley (1880)




__________________
Rick
Paul

Senior Member
Registered:
Posts: 2,035
Reply with quote  #9 
The classified section of this site has pretty much been turned to worthless crap because of the lack of competent moderation. The bank-instrument guys sure are trying to monetize that category.
Greg

Avatar / Picture

Moderator
Registered:
Posts: 1,059
Reply with quote  #10 

Quote:
Originally Posted by Paul
The classified section of this site has pretty much been turned to worthless crap because of the lack of competent moderation. The bank-instrument guys sure are trying to monetize that category.


It's been like that forever. My thought was moderating would be a nightmare due to all the gray area.

Sure we could delete all that crap about "FRESH CUT whatever....

BUt what about stuff on the slightly scammy side?

I figured it would be just better to let buyer beware.

larrywww

Senior Member
Registered:
Posts: 2,094
Reply with quote  #11 
Can't we limit posting to those who are (1) members of sdcia or (2) Speakers or (3) supporting vendors, or those who have some obvious affiliation with the club?

Or limit the lenders (whom you can google followed by "scam" to see are just phishers or worse) to those admitted to lend under the laws of the United States of America, etc?

It creates the impression that no one cares about moderating the website and it doesn't add any value for sure.
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.

Policy