RichGamble

I create money better than the FED. Multi-Family investor, operator and asset manager.

[RichGamble @RichardGambleRE]

Stop being so afraid to give up a piece of the pie that you never get to eat. 🥧

Would you rather own 100% of a deal you can't make happen or 85% of a deal that actually gets done?

Quit worrying about the pie you're giving away. Bake more damn pies. 🔥

[RichGamble @RichardGambleRE]

WSJ: DSCR loans are funding BRRRR deals in markets banks left behind. Memphis example: $79K buy, $20K rehab, $110K refi, $1,400/mo rent (via Propmodo).

At today's rates, rent often sizes the refi, not ARV.

Sizing on rent or hope? 👇

[RichGamble @RichardGambleRE]

@FlipBasellc For sure! Realtors are unfortunately so untrained they give horrible advice!

[RichGamble @RichardGambleRE]

Redfin: pending home sales near a 12-year low. 14.5% of Sept contracts fell through (a record outside early 2020).

1 in 7 deals died. If you're buying, ask for repairs, closing costs, or a rate buydown.

What are you asking for? 👇

[RichGamble @RichardGambleRE]

Knox County passed a 100-home cap on big single-family rental buyers in unincorporated Knox County. Per the ordinance text, TN-based, majority TN-owned entities are exempt (WATE).

Local investor with 4 rentals? It probably helps you.

Changes where you buy? 👇

[RichGamble @RichardGambleRE]

Lessons from Growing to 200 Doors

Jason McDaniel and I are walking through the real path from first deal to 100, then 200 units: funding, systems, private lenders, and building freedom.

📅 Wed Oct 14, doors 5:30 PM
📍 The Shop, Knoxville TN

#KnoxvilleRealEstate

[RichGamble @RichardGambleRE]

The Mortgage Bankers Association now forecasts the 30-year above 7% through all of 2027, plus two more Fed hikes.

If your BRRRR only works with a cheap refi next year, that's a hope, not a plan. Underwrite at today's rate.

Are you? 👇

[RichGamble @RichardGambleRE]

Tennessee landlords: the 7-day pay-or-quit bill (HB 1345) failed in 2025. Per the Tennessee General Assembly, it's still 14 days under 66-28-505.

Wrong notice can get your case tossed. Confirm with a TN attorney.

Ever restarted an eviction over paperwork? 👇

[RichGamble @RichardGambleRE]

September CPI hits Wednesday. Gas could push headline to about 3.6%, but core is expected to cool near 0.2% (Continuum Economics).

Watch core and rent, not the headline. Have your lock plan ready.

Locking before CPI or waiting? 👇

[RichGamble @RichardGambleRE]

10-year Treasury eased to 5.24%, but Bankrate's 30yr is still 7.54% (Mortgage Daily). September CPI hits Tuesday.

Closing in 30 to 45 days? Think about locking. Underwrite at today's rate.

Locking or floating? 👇

[RichGamble @RichardGambleRE]

Lessons from Growing to 200 Doors

Jason McDaniel and I are walking through the real path from first deal to 100, then 200 units: funding, systems, private lenders, and building freedom.

📅 Wed Oct 14, doors 5:30 PM
📍 The Shop, Knoxville TN

#KnoxvilleRealEstate

[RichGamble @RichardGambleRE]

@CREretail_love 💯

[RichGamble @RichardGambleRE]

CRE credit isn't shut. The coupon is the bind.

Agency MF fixed ~6.14% to 6.84%. A 70 bps jump can cut DSCR proceeds ~7% at flat NOI (Insignia).

Re-underwrite the payment. Then pick the structure.

Pricing today's coupon, or last quarter's hope?

[RichGamble @RichardGambleRE]

@Wyattwlff Good advice! What lender are you using?

[RichGamble @RichardGambleRE]

Freddie Mac: 30yr fixed hit 7.40%, up 7 weeks straight. Highest since Nov 2023.

Investor loans price higher than that. If your BRRRR plan assumed a 6.5% refi, rerun it today.

What rate are you underwriting at? 👇

#RealEstateInvesting #MortgageRates

[RichGamble @RichardGambleRE]

@FlipBasellc True story!

[RichGamble @RichardGambleRE]

UMich consumer sentiment fell to 46.3 in October. Current conditions hit 44.7, an all-time low per PNC. Inflation expectations up to 4.7%.

Those are your tenants. Don't underwrite rent bumps you can't collect.

Seeing more late pays? 👇

[RichGamble @RichardGambleRE]

Jobless claims fell to 197k (Labor Dept), but the median job search is 11.5 weeks, near a 4.5 year high.

Tenants are keeping jobs. The ones who lose them stay out longer. Keep reserves on every door.

How many months do you keep? 👇

[RichGamble @RichardGambleRE]

WSJ: commercial buyers are retrading signed deals as rates jump.

One 200-unit buyer saw debt costs rise 0.6 points before going hard, threatened to walk, and got $600,000 off.

Your contract isn't final until the math still works.

Ever had a deal retraded on you?

[RichGamble @RichardGambleRE]

Lessons from Growing to 200 Doors

Jason McDaniel and I are walking through the real path from first deal to 100, then 200 units: funding, systems, private lenders, and building freedom.

📅 Wed Oct 14, doors 5:30 PM
📍 The Shop, Knoxville TN

#KnoxvilleRealEstate

[RichGamble @RichardGambleRE]

@wensze1978 @Type07Safety They must do this to ward off the sand people in the attached video