Stanley Ogah | Terrex Insights

Acquisition research for investors. Source-backed market and rental analysis that surfaces risks, opportunities, and unanswered questions before due diligence.

[Stanley Ogah | Terrex Insights @terrexinsights]

@danromriell Watch out for Columbus, Ohio! The Development and housing permits is worth looking into before making any decisions.

[Stanley Ogah | Terrex Insights @terrexinsights]

@VladTheInflator Still, the markdowns are massive.

[Stanley Ogah | Terrex Insights @terrexinsights]

Stress testing a deal before taking actions is really important in the Residential/CRE business line.

[Stanley Ogah | Terrex Insights @terrexinsights]

One rule that separates deal chasers from real investors —

Don’t buy an apartment just because the numbers work today.

Buy it only if the numbers still work after you’ve tried everything to break the deal.

Stress the rents. Raise the vacancy. Add the CapEx. Increase the taxes and insurance. See what happens when the market softens.

If it still holds up, you have an investment.
If it only works in perfect conditions, you have a hope.

That’s the difference between chasing deals and underwriting them.

[Stanley Ogah | Terrex Insights @terrexinsights]

@jonbrooks Nah...they can't afford it — mortgages are too expensive.

[Stanley Ogah | Terrex Insights @terrexinsights]

@jonbrooks Aren't the comps worth protecting? One bad sale ruins the whole neighborhood @jonbrooks

[Stanley Ogah | Terrex Insights @terrexinsights]

That provision doesn't make the refinance cheap. It concerns how the transaction qualifies under Fannie Mae's rules.

[Stanley Ogah | Terrex Insights @terrexinsights]

A homeowner going through a divorce needs $62K to buy out his spouse's equity, but he already has a $266K mortgage at 2.375%.

A 2.375% mortgage is an asset worth protecting.

If you need $62K to buy out a spouse's equity after divorce, don't automatically refinance the entire $266K mortgage.

Compare:

Refi: replace $266K at today's rate + borrow the $62K.

Home-equity loan: keep the $266K at 2.375% + finance only the $62K separately.

The second option may have a higher rate on the $62K, but you're not repricing the entire $266K.

The right answer depends on the home value, remaining mortgage term, second-loan rate/term, closing costs, income and DTI.

Protect the cheap debt. Then run the numbers.

And the #FannieMae point is worth mentioning carefully:

Fannie Mae's current guide says a refinance used to buy out a co-owner's interest following divorce can qualify as a limited cash-out refinance when its requirements are met, including the property having been jointly owned for at least 12 months and having a written agreement covering the transfer and refinance proceeds.

[Stanley Ogah | Terrex Insights @terrexinsights]

@Everyone @followers @X @realtordotcom Is buying a co-op worth it?

[Stanley Ogah | Terrex Insights @terrexinsights]

NYC co-ops can be dramatically cheaper than condos—but the discount comes with trade-offs.

In Manhattan, the 2025 median co-op price was $895K vs. $2.025M for condos.

Would you take the cheaper co-op or pay more for a condo? @everyone @followers @X @realtordotcom

[Stanley Ogah | Terrex Insights @terrexinsights]

One gap I keep seeing: citywide rent data vs actual neighborhood achievable rents after concessions. The difference can kill cash flow on paper deals.
I focus on the gaps the data often misses — vacancy, taxes, maintenance, capital expenses, and the rents you can actually collect.

[Stanley Ogah | Terrex Insights @terrexinsights]

National home prices are only up about 1% to 2.6% from a year ago — Redfin, https://t.co/ukNydeYPCF, FHFA, CoStar.

Mortgage rates sit near 6.65% — Freddie Mac.

Asking rents have fallen for three straight years and are down 1.4% year-over-year.

That mix means you have to underwrite every deal more carefully than before.

Simple rules like the 1% rule or city-wide averages can hide real problems at the neighborhood or ZIP-code level.

[Stanley Ogah | Terrex Insights @terrexinsights]

$280K Columbus-area single-family at 6.65%, 25% down. Debt service alone is already ~$1,400. Add taxes, insurance, maintenance and the required rent climbs fast. Numbers first.

[Stanley Ogah | Terrex Insights @terrexinsights]

Break-even rent ≠ the 1% rule.

The 1% rule says a $300K property should rent for ~$3K/mo.

Break-even asks a better question:

“After vacancy, taxes, insurance, maintenance, management, CapEx + debt service, what rent produces $0 cash flow?”

That required rent ÷ purchase price = your break-even ratio.

Numbers first. Rules second.
#RE #RealEstateInvestment #RealEstateTips #CRE

[Stanley Ogah | Terrex Insights @terrexinsights]

@jonbrooks That what's happening to Columbus, OH rental market. Though taxes and repairs should be checked if at all.,

[Stanley Ogah | Terrex Insights @terrexinsights]

@jonbrooks SHORTAGE?! This is an affordability problem.

[Stanley Ogah | Terrex Insights @terrexinsights]

@jonbrooks Homes were cheaper during the pandemic and mortgage is expensive today relative to 2020.

[Stanley Ogah | Terrex Insights @terrexinsights]

@jasonlewris Wondering what the previous seller placed it at in 2020—with all that 2020 stuffs when the current owner bought. 🤔

[Stanley Ogah | Terrex Insights @terrexinsights]

@Dirtdog @jsynergy Egg-zactly

[Stanley Ogah | Terrex Insights @terrexinsights]

Most real estate data is surface level.

I dig deeper — sourced market briefs, disclosed gaps, every data point traced, every conflict flagged, every gap disclosed.

Built for acquisition decisions, not headlines.