He claimed that the market had changed since the fall of 2023 and that he could no longer go through with the original deal unless we reduced the assignment fee by $15,000.

If you're considering selling your home, moving into a duplex or triplex could be a smart way to lower living costs while building equity and earning rental income.

By setting clear screening criteria and using neutral language when communicating with applicants, you reduce the risk of legal issues and maintain professionalism.

You'd just need to check with the lenders what they allow up to.Having experience (completed rehabs in the last 3-years tends to be what most lenders look to qualify as experience) will help you reduced your down payment all the way down to 0% in some cases for extremely experienced investors.

Maybe california could still be an option in some way and you can reduce the risk of evictions/damage by investing in homes in small towns there that allow strs. 

You have spent your hard earned money on an asset and you are probably not in a position to lose money.

The rates are constantly changing with the market. the lowest I've seen was a 3.49% in the last 2021 to early 2022 (right before everything launched up in rate), but as of 10/1/2024 the lows that I'm seeing are at 5% for an SFR with rate buydown/ reduced LTV etc.3.

As a real estate agent, you don't get clients, you EARN them.

They have wanted to get what would have been a seller's commission expense to reduce the price. 

Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.