pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

He says his source at a leading information provider, tells him that their research reports a serious drop in the number of "wholesalers" out there from 90,000 in mid 2022 to about 20,000 now, in fall of 2024.

Hello am new here am nate and purest of rookie.. got nothing in my back got some dedt that can't seem to pay off car is falling apart.. and still live with parents.. still have this drive to buy a house and just rent it out or do the FHA loan.

Just be cautious and make sure you have a solid plan to pay it back, as this can be risky if the deal falls through.3.

Well, the reasons given generally fall into two categories - either tax benefits through an “installment” sale or obtaining an interest rate on their capital greater than what banks are paying.In my 45+ years doing real estate deals, I’ve found maybe once that the tax argument was considered by a seller; further the “greater than bank rate” argument is completely irrelevant because - the proceeds of a property sale were never going into a bank account, at least not most of the proceeds.

However, now that we’re heading into fall, we can see that 2024’s summer selling season was slower than 2023, with closed sales in Austin down around 16% compared to last year.

Many people above have commented about a few of the pit falls in this strategy.  

You're essentiality telling the bank - "I want to buy a property that's in an asset class with falling values and I don't have the money for a down payment.

Mortgage rates have been falling for four weeks, now about 90 basis points lower than last year!

@Nicholas Jose the tenant estoppel is usually during escrow and the deal could fall through or the closing date could change before you get to closing so I'd have it be cut entirely from the letter and then just get your info/ tenant estoppel during escrow with separate documentation.