With the housing market upcoming adjustment winds in process and economy adjusting, the prices in Texas market will ONLY decline back to 2021-22 or lower levels when it comes to correction.

Account ClosedBe sure the population and economy in Pueblo can support your multi family investments.

Like Emily said, a number of shocking facts (or not so shocking to many landlords) have come out in the press recently on how few Americans can come up with a thousand or even four hundred dollar in an emergency....A FINRA study on The Financial Fragility of Renters was just one (with lots of stats).So no downpayment is a big one, as is credit score, and even with those who have resources, they  may want the flexibility to move or freedom from extra work or costs of maintaining and repairing the home.Even items like student loan debt or fear about the economy hold others back (still some out there who feel the sting of the housing bust).

You may want to rent it out and wait until the market gets stronger.

Thanks,  I am happy to be on here.It is a stable, sort of boring market.If you place a great ad, and screen well you can find tenants pretty quick.Since not much changes in the local economy (university / hospital / military town) the prices do not increase quick, so it is touch to get a lift in value on a building without doing big renos or holding for a long time.Michael P Currie

The slow down is making me a little nervous about our local economy.

I will admit that I'm guilty of focusing too much on initial numbers on deals and obviously economies of scale favor multis.  

Also, I am buying in bulk to give me an economy of scale. 

If you own land close by you are probably aware of the rapid increases in land values based on a strong economy and the proximity to the Domain (the new Downtown) just 2 miles away.

They 5 are: Character (reliability, integrity), Capacity (sufficient income or cash flow to service the debt), Capital (the borrower's net worth or how much of their own money they put into the deal), Collateral (the value of the assets that secure the debt), and Conditions (the borrower's situation and the state of the economy or local real estate market).