🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes) 📊:🏡 Mortgage Rates:30-year conventional rate today is 7.25%30-year VA rate today is 6.65% 💰 Median Sales Price:February: $460,000March: $475,000April: $476,000📈 New Listings:February: 1,669March: 1,845April: 1,914📅 Median Days on Market Until Sale:February: 21March: 16April: 13Some fun facts!

It's been fun so far and I am excited to make my first investment soon.

What seems more appetizing to you? - SMF, 200-300k, in C- to C+ area , immediate cash flow (5-8% ROI), 3% appreciation/year, and 5% Vacancy- SFH/SMF, 400k+, in B+ to A- area, break even (for the first year), 6% apprec...

If you are scaling quickly, you may want to consider this decision carefully as it is not fun to switch.

I would ride on my golf cart to the houses being built on the weekends just for fun. 

People who lose are the ones who don't know the market, try to buy a property because they saw a flipping show on TV and it looked fun - and have no understanding of landlord/tenant laws and no interest in growing their education around land-lording.

:) I also co-host STRs and that's an area I'm super passionate about in real estate so it'd be fun to share ideas/questions!

As a business owner it's fun to write off everything but when financing properties that hurts you.

Fun Chicago Fact - You can use Pex in Chicago for radiant heat flooring and driveways because it is sealed off, but not for interior piping.

Then look through those and see what you'd get the most money for if you sold (in the spring because winter is not the time to sell).Rents should go up every year.