Since you purchased your primary recently and in Houston, I personally am bearish on your appreciation potential.

We want to purchase a property to begin building our rental portfolio but are unsure of the best approach.We live in Sonoma County, California, and I work in Healdsburg.

I‘m also happy to travel to speak to groups or provide 1:1 coaching along your purchasing experience. 

You get some of the strongest rent demand in the Phoenix area being closer to downtown, and then you position yourself for the upside of the growing North Phoenix economy with TSMC and other economic developments.If you want more info, I can send you the 3-5 most recent properties my clients have purchased in the last month for you to review.

Purchase price: $125,000 Cash invested: $75,000 Sale price: $248,000 Decent fix and flip completed in 2024.

The reason to have comparables is if you are representing someone or perhaps purchasing a house for yourself to live in.

(August 2022)Single-family residence buy & hold investment.Current Value Estimate: $410,000 Purchase price: $345,000 Cash invested: $5,000

Purchase price: $341,000 Cash invested: $136,000 Sale price: $519,000 A house that I bought, renovated, and sold.

However, the current market environment with relatively very high interest rates (7.37x increase of the 10-year treasury in 40 months from 2020-2024), and the slow recovery coming out of the Pandemic for the city make this a great opportunity to do just that, with many positive market factors on the horizon.In my opinion, right now is a great time to purchase a value add multifamily asset at an attractive basis, refinance in the coming years as we are now moving into a falling rate environment, receiving your tax-free refinance proceeds from the forced appreciation coming from renovations, the spike in market rent growth, lower vacancy, and compressing cap rates during the stabilization period, The macro factors for the DC Metro and for multifamily overall should contribute to a multifamily asset in the area being a safe and lucrative long-term investment as well.Other Notable Developments in the D.C.

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.