Hi BP'rs, I don't have a good sense of how the interest rate cut today will affect me as a new investor looking for my first deal... will it start to drive up prices of homes in areas i'm looking at as money gets cheaper or am I off base?

April was our first month and we did $2498 (our cut after airbnb fee).  

At the end of the day the PM business is a service business and being unable to communicate with the PM for up to 2 days won’t cut it.

The charge for doing so can definitely cut into your equity as it can be 10's of thousands depending on the estimated value of the home. 

@Drago Stanimirovic thank you, and you are right I will probably do cost segregation studies at some point, but so far I have still been able to get to a loss on my taxes using the straight line 27.5 year depreciation schedules, I will probably do the cost segregation studies once I can't show a loss anymore, which will happen at some point as the rents increase and the amortization schedules shift to more principle and less interest.

How to Cut Through the Noise in 2024 and Choose a Market for Your First (or Next) Investment❓November: Fill in the Blank! 

The appraisal was conducted a couple of weeks before the most recent Fed's rate cut.

If you're not familiar with the sales process for this property type, doing your own due diligence, the right lenders to use  and what to look out for, how to negotiate and how to work with commercial brokers, I'd recommend having a good buyer's agent help you out on a few transactions before going straight to the listing agent!   

The same has now occurred with the Team Lead who has shared that my Realtor lacked experience and may’ve had ill intentions of getting greedy with deals that they started to cut the Team Lead out completely.CURRENT STATEThe Team Lead has asked me to sign a new contract.

And what were the things you thought would be very difficult but turned out to be straight-forward later on?