pid=2141Houston Real Estate Highlights for December and Full-Year 2024:-Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 an increase of 1.3 percent; -Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;-December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;-Total December property sales increased 13.6 percent to 8,478 units;-Total dollar volume for December rose 20.5 percent to $3.5 billion;-The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;-Single-family homes months of inventory expanded to a 4.0-months supply;-The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;-Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.

We purchased this buy and hold historic duplex which faces William Land Park in Sacramento.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children. 

You're running a business and when you proactively do so, your tenants will know that you're holding up your end of the lease - and if they don't, they don't stay.Hope this helps.  

Dundalk I would prefer compared to Essex as it's closer to the city. 

That's comparing apples to oranges.

If I hold a property in an LLC (sole proprietor) can it be sold to an LLC that my son is the sole proprietor of?   

If you hold for 2 years then sell, I feel very strongly that you will do well. 

We do not change fees or terms unless your appraisal happens to come in lower than the purchase price or the market rent comparables come in lower than expected.