Where did Cash Flow Go?

[Brady Ascheman]

With the recent spike in interest rates I am curious if everyone is having a tough time finding cash flowing properties right now? Or am I doing something wrong?

[James Hamling]

Quote from @Johnny Kane:

@Brady Ascheman rents in the Twin Cities have been on the decline the last few months. Lots of available rental units on the market right now. This certainly isn't helping. I do still come across deals that cash-flow, just not as often as I'd like. 

 Sure you mean Twin Cities, or do you mean Minneapolis and are just saying Twin Cities? 

I can't get/keep enough inventory in my suburb markets! Rents are steadily up, and I have properties moving in lightning speed for the time of year. But it is conditional on exact location. Minneapolis is sucking-wind, and it's going to get so much worse now with the newest sec8 updates. And rent controls soon coming out. 

No, a person can't blindly buy whatever and make $, but yeah my team is still crushing it. We are HIGHLY strategic, very data driven, with considerable market insights. Were not just buying any old property. 

I am having no real market issues, but a raising of the bar for performance, yup. Lot's of agents are going to go out of business because they just arn't all that good. It sounds a nasty thing to say but it's the brutal truth of it. This is a cycle that really shows the difference in agent ABILITY, raising bar of Professionalism.