Now, let's break that down…- A median single family home is $543,000 (up 2% from last year)- A median townhome is $377,000 (Down 5% from last month so appreciation has slowed down significantly here: https://tmls.stats.10kresearch.com/infoserv/s-v1/IFbq-ZfR)More quick stats:- Homes went for 1% under asking, indicative of a less competitive market typical of fall- ⅓ of homes experienced at least one price drop- Homes sat about 21 days on market- Sellers has 10 showings before going pending- There are about 3,100 homes for sale, which is up 10% over last yearWe continue to see more options to choose from, more flexibility from sellers, and cyclical dips in prices across the board.

I bet that rent increase Will show up.

Currently I'm pretty flexible on time most any afternoon or evening.

Just keep an eye on your financing options, the local market trends, and stay flexible if the right deals arise, whether they’re duplexes, SFHs, or other opportunities.

But if you want flexibility and quicker access to cash in the future, HELOC may be more suitable.Yes, you could do either option again later if your property builds more equity!

With $100k, you have a lot of flexibility in real estate investing.

That will likely be around this rate anyways but give you more flexibility if you want to refi in a few years.

Additionally, consider exploring hard money lenders, as they often offer flexible options for tapping into land equity, although they come with higher interest rates and shorter terms.Another option is reaching out to land-specific lenders or specialty loan providers who may offer land equity loans.

I’d like the flexibility of an STR but got comfortable with the risks of local government pushback because I can convert to LTR.

I would bet that the cost of the land is contributing to the $4M cost - although that does still seem high.. but I'm not super familiar with Truckee market.