Looking at a local service business that currently generates $60k a year with limited owner involvement, no inventory, and very limited equipment required.

We can help you find properties - just take a lookAmong the nation’s 200 largest metro area housing markets, 44 markets ended February 2025 with more active homes for sale than they had in pre-pandemic February 2019. ...

Given that I'm operating from Bend, OR, I would greatly appreciate any advice or strategies you might have on identifying and connecting with motivated sellers in target markets, building a list of cash buyers interested in virtual wholesale deals, utilizing digital tools and platforms to facilitate virtual transactions, and navigating legal considerations and ensuring compliance across different states.Additionally, if there are any common pitfalls that beginners should be aware of, I would be grateful for your insights.Thank you for taking the time to read my post.

So inventory in the DMV is almost half what today what it was during the highest inventory month of 2024.

The inventory numbers are mind blowing to me.

Quote from @Hector Surratt Sosa: With inventory still tight and competition fierce, how are you sourcing deals right now?

Here are some key highlights from the report, which compares February 2025 with February 2024:The median sales price for the greater Austin metro declined 3.6% to $430,000, while the City of Austin rose modestly by 2.6% to $564,000.Total sales in the metro fell 6.5%, with the city itself seeing a 1.2% decrease in closed sales.Pending sales under contract dropped 5% in the metro and 7.4% in the City of Austin, suggesting more sluggish demand at the start of 2025.Listing inventory increased 16.7% in the metro and 15.5% in the City of Austin, resulting in around 5 months of available housing inventory in both the city and greater metro.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.

The market here is def short on inventory so most likely it will sell quickly.Either way, always happy to connect with a local RVA investor!

Wanted to share a few real time figures across our rental portfolio and sales markets:Rental (Data from the 500+ doors we manage):Median days on market: 28Busy leasing season came a few weeks early this year (probably because of the good weather we are having)We are seeing increased amounts of investors/owner clients coming to us, trying to make rental numbers work by putting ADU's in basements (some cities are cracking down on illegal ADU's)90%+ of new owners are not investors but "accidental landlords"Sales:Median days on market: 68Multiple offers on homes that are well positioned and pricedLots of bad inventory right now.

or put a different way, how many months of inventory was considered a "balanced" market?