😳This is caused by a combination of buyers not being able to afford to buy with interest rates back up above 7%, and seller’s not wanting to budge on their sale price...a standoff.My guess is 2025 will likely be just like 2024 and 2023 if rates stay above 6%....

Thanks Hi Spencer, I have a seven-figure portfolio that is a combination of both hands-on (direct real estate) and hands-off (syndication and crowdfunding)In my opinion, both have their pros and cons and neither is 100% superior to the other.

How we purchased our property: Combination of Savings, Personal Loan with interest from a family member (4% interest) and a cash loan from Wells at about 8%.

I don’t know if the cause was fraud, incompetence, or a combination, but it is really sad.I was able to work directly with my borrower and my loan is still performing (amortized it rather than keeping the balloon). 

You can get a $1.2M stop-loss policy that kicks in after $300K combined losses on all 5 units.  

We financed this deal with a combination of Partner Driven capital and Seth Choate’s expertise.

Combine that with America’s housing shortage, and the solution becomes clear:We need to build more homes that align with what buyers can afford.

I have found that it is quite simple to self-manage a portfolio of 30-40 short-term/interest-only loans using a combination of QuickBooks and an XL workbook (1 worksheet "tab" for each loan). 

Combine that with insurance raising rates not just for dropping licensee count, but also to cover increased lawsuit risks.

Ultimately the pictures combined with the location are what sells it.You want to avoid HOAs at all costs.