There are few growing neighborhoods in the area that are doing well in the STR space, and a few untapped markets that we predict could do well. 

This resulted in a slight uptick in vacant stock to 5,626,000 square feet.Employment growth in Los Angeles was modest at 0.3%, slightly below the national average.

@Jimmy RojasReturns in real estate have historically matched the stock market - so use that as a reference pointJust like investing in some stocks builds wealth faster - so does real estate and vice versa

Still working on timing my transition from stocks to real estate.

No one can accurately predict in advance whether a particular vintage year will be good or not.

Hi @Rita SamaddarI recommend areas based on three things:Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.

Balloons coming due with higher interest rates, China market, China production, Manufacturing production moving back to the US, Worker shortages, Workert pay hikes, Ukraine/Russia food and fertilizer misses, Oil prices increasing due to the OPEC Q1 production curtailments in place, Houthi issues, Panama Canal Water issues, Illegal immigration impact (buy one of those office buildings and rent for $10mm per year for Illegal housing, take advantage) social benefits required, Climate change believe it or not- Buy or sell into that thought process,  US politics, Baby boomers leaving workforce and needing more benefits, Baby Boomers moving from Stocks to Bonds,  etc.I agree things will get worse, but that means more investing opportunities. 

But, in 20 years, if they keep it up, I predict that the same patterns will repeat, and prices and rents will soar. 

The rates are usually higher, unless you secure it with a CD or stock portfolio or something.

Hey BiggerPockets Community!
I wanted to share some insights on the Memphis real estate market for July 2024. Home prices are rising steadily, with a 7% increase from last year. The rental market is strong too, espec...