For us, its simple supply and demand.

Inventory has hit a 6-month supply, up about 90% from last year. 

As for SFR a pre approval letter is of value because most institutional lenders will close the loan with the main qualification being the buyer himself, as long as the property appraises for a certain value.Loans secured by commercial real estate are much more dependent on the property itself and all its characteristics, not just the appraised value.  

I managed to secure owner financing for five years at 6% interest on half of the property cost, with a 7% rate on the remaining financing.

Sheri look and see what the city is planning and see what going on with homeland security a few more big names just said they are coming over there and look at the Good hope area where the city is putting  millions on grants to redo the store in the area on the mayors page so do a double take on that one.

Financing is Crucial:As you're diving into PRO investing, understanding how to secure financing is crucial.

So until supply loosens buyers will be forced to get creative and pay up.I don’t think it’s the overall crazy demand like you’ve seen in single families driving up prices- there is just literally almost zero double inventory.I did three doubles last year and still shocked I picked them up at decent prices in Lakewood.

3- Job Market Growth is still strong in ATX 4- Population growth continues although not at the same pace as the pandemic. 5- Supply side problem - Builders overbuilding creating downward pressure on housing prices. 

Our realtor wants us to accept an amount equal to the estimates.For anyone who wants the details on the issues: 1) Deck is not securely attached to the house and the stairs are leaning.

When supply and demand are disconnected then the market moves between top and bottom of cycles, but then equilibrium is reached.