All Forum Posts by: Jay Hinrichs

My view is non local RE investing has increased risks especially for a new RE investor.

In addition I am unconvinced you have looked at all options local.   here are some thoughts that I suspect you have not exhausted:

- alternate financing: NACA, assumable (have your agent search for the word assumable), owner financed, lease option. Each of these would allow you to purchase higher value home with similar payment (if you can afford $500k at market interest, what can you afford at 3% assumed loan?

- alternate rent models: STR, MTR, rent by room can all produce better revenue at the cost of more effort than LTR. It likely will not help in your traditional loan qualification, but it can provide you increased revenue that can help reduce risk.

- I recommend newbies buy using a real estate agent due to the risks, but off market deals typically have better value adds. Buy a home at $200k less than ARV and spend no more than $100k on the rehab. The numbers would be too tight for a flip, but can work as a house hack. With sweat equity and the associated risks, you have a property worth $100k more than you could have afforded if you purchased a mls ready home.

My view is all of these options is lower risk than purchasing OOS residential and expecting a decent return.  Note I am not stating it does not happen.   What I am stating is the RE market is challenging now and a lot of OOS investors are not going to achieve returns that justify the work and effort.

Good luck

I'm right there with you, that's why I asked where he got that number from.  Here in Plymouth (MI), if a house goes up for sale, it's gone like lightning.  We're still doing demo old small houses and building bigger newer period ones.  These are gone before they are finished.

If you’ve seen headlines saying home sales are down compared to last year, you might be thinking – is it even a good time to sell?

Here’s the thing. Sure, the pace of the market has cooled compared to the frenzy we saw just a few years ago, but that’s not a red flag. It’s a return to normal. And normal doesn’t mean nothing’s happening. Buyers are still out there – and homes are still selling.

Why? Because real life doesn’t pause for perfect conditions. There are always people who need to buy – and this year is no exception. Buyers who are in the middle of a big change in their lives, a new marriage, a growing family, or a new job still need to move, no matter where mortgage rates are. And they may be looking for a home just like yours.

Let’s break it down using the latest sales data from the National Association of Realtors (NAR). Based on the current pace, we're on track to sell 4.03 million homes this year (not including new construction).

• 4.03 million homes ÷ 365 days = 11,041 homes sell per day
• 11,041 homes ÷ 24 hours = 460 homes sell per hour
• 460 homes ÷ 60 minutes = roughly 8 homes sell every minute

That means in the time it takes to read this, another 8 homes will sell. Let that sink in. Every minute, buyers are making moves – and sellers are closing deals.

If you’ve been holding off on selling your house because you think buyers aren’t out there, let this reassure you – there are still buyers looking to buy.

But since the market is balancing out, selling today takes more than just putting up a sign in the yard. You’ve got to price your house right, market it well, and know how to reach the buyers who are ready to act. That’s where a trusted local agent comes in.

They’ll help you navigate this market, position your home to stand out, and guide you through every step.

Bottom Line

The market hasn’t stopped. Buyers are still buying. Life is still happening. And if selling your home is part of your next chapter, you can make it happen.

Roughly 11,000 homes are selling every day – and yours could be next. When you’re ready to take the next step, connect with a trusted local real estate agent so you have an agent to create that perfect strategy.

Where did you get this "84%" number from?

Here it is, @Jay Hinrichs:  https://www.biggerpockets.com/blog/real-estate-1140

It’ll be interesting to see how this ages!

Here it is, @Jay Hinrichs:  https://www.biggerpockets.com/blog/real-estate-1140

It’ll be interesting to see how this ages!