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11 June 2024 | 9 replies
@Chris Heinmiller you can export a list of recent (i.e. 18 months) land trades from Redfin, but you do have to separate the apples from the orange and the bananas, but in an area that is somewhat homogenous, you'll usually be able to see a trend, i.e. you might have two low ones at 20-30k per lot, and one or two high ones at 175k-200k/lot, but then you'll see six or seven trades in the 55-65k range, and then you've figured it out.
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8 June 2024 | 22 replies
Appreciation is never a guarantee so you follow migration and development trends to hedge your bets.
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10 June 2024 | 13 replies
Here's why:Detroit, MI housing marketIn April 2024, the median listing home price in Detroit, MI was $89.9K, trending up 13.8% year-over-year.
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10 June 2024 | 4 replies
Denver has been a very solid market over the last 10 years and looks to continue the trend as migratory patterns continue to head that direction.
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9 June 2024 | 3 replies
Additionally, we are open to exploring opportunities in other areas as well.We are particularly interested in:- Learning how to analyze these properties for cash flow potential- Understanding the local market dynamics and trends- Networking with experienced investors who can offer advice and mentorshipWe believe that with the right guidance and connections, we can make informed decisions that will set us on the path to financial independence.
8 June 2024 | 40 replies
Personally, I stay away from the mainstream trends where everyone who is priced out of traditional long term rentals are now trying to rent out a room or a whole house on the daily.
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10 June 2024 | 49 replies
Understand the local market conditions, including property values, rental demand, economic trends, and neighborhood dynamics.
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12 June 2024 | 24 replies
I've noticed a trend: the OG's that went through the GFC 2008-2010 meltdown are fine with a low return on equity and cash on cash return, avoiding mortgages and paying with cash, while the Young Bucks are all about maximizing leverage, $0 down strategies, creative financing, "infinite returns", growing the portfolio to the moon as quickly as possible and measuring it by number of doors as the primary metric instead of equity/ actual wealth.
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9 June 2024 | 18 replies
The rise of DSCR only brokers has certainly exaggerated this trend.
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9 June 2024 | 8 replies
It's clear you're on top of industry trends!