Family groups were the main segment of demand in the area so we added a PS5, next level colorful beach chairs, Nintendo switch, hammocks on the deck, re-staged, retook the photos and increased revenue to $67k in a year that RevPars had decreased for the market   Woah Zach !

Homes that appeal to our target tenant segment range from $350,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand and price and rent increases.

Scheduled to open in the summer of 2019, the $51 million, five- story, 267-unit development will be a large and distinctive presence on the east side of Water Street.- In the past five years, Mobile has experienced a 33% increase in manufacturing jobs compared with about 8% nationally.- McGowin Park developed a huge retail space in 2015 which consists of: 199,500- square-foot retail shopping center containing a future expansion area, five restaurant "pads" and 4.5 acres of outparcel development, and the west development consists of a 148,000-square-foot anchor store with an associated gas station, an 89,600-square-foot shopping center and 7.41 acres of outparcel area.

Why would you cut yourself off from a large segment of people.

Despite rising interest from young families and institutional investors, the number of new SFR and BTR units is expected to decline sharply, from 34,000 in 2024 to just 9,500 in 2025, a 73% decrease.While demand remains, rent growth in this segment has turned negative, falling by 0.8% in Q2 2024 due to higher vacancies in 2023.

I often see $130k appraisals but I'm certain the property would maybe fetch $110k on a sale.It's an important distinction.

Typically larger groups have more people splitting the cost and it has not affected us in occupancy versus our close competition.I would maybe be wary if you are in a hyper competitive market or market segment. 

At 26, having 4 properties and looking for more is quite the story.KeyBank man should be ashamed of himself.I'd disagree with some of the assumptions in this thread.Rate locks don't need to be for more than 30 days.  45 days can cost you a quarter point depending on the lender and it's really not necessary.Always remember that origination points and discount points are two distinctly different things.For us, some origination fees can be just 2 points and some are just 3 points.

I found it extremely helpful in taking to my other members and managers to be able to classify RE markets into segments (e.g. what you've done with new construction vs. existing and I did with HUD held-for-sale) and convey the data behind my rationale for suggesting price bids, etc.  

And in regard to my earning since joining Subto it's been a bit over 7 figures, due to the nature and segment of the real estate industry I am focused on.