He claims to manage $500 million in assets.

I even was able to attract better contractors once the projects were in nicer neighborhoods - all thanks to other people's money.I guess I never looked at the cost of the money (fees/interest) as a negative, since I realized that in order to experience growth, capital would be necessary.

.- Any unique approaches or tips that have helped you stand out and attract capital for projects like ours in the California market.Looking forward to hearing your experiences and advice!

Although leasing activity is down 63% from pre-pandemic levels, the pace of new vacancies is slowing, reducing unoccupied space from 58 million to 44 million square feet over the past year.Multifamily PropertiesHigh mortgage rates have boosted demand for rental units, with net absorption up 90% year-over-year.

In highly touristy areas like lakes or vacation spots, an STR typically generates higher income from short stays but may not attract long-term tenants due to seasonal demand.However, if the property is in a more versatile location, such as near schools, businesses, or urban centers, it may work as an LTR, providing steady income and fewer management demands. 

These enhancements not only improved its market appeal but also raised its value, transforming it into a desirable home that attracted buyers quickly.

However, be mindful of HOA rules regarding rentals.Proximity to Campus: Properties closer to the university typically attract more interest from students and can command higher rents.

Here’s a quick look at the key market trends and data for 2024.Population Growth:Huntsville’s population is on the rise, attracting both young professionals and retirees.

However, the new Community Development Grant (CDG) program simplifies access to critical funds, offering three distinct grant categories:-Small Grants (up to $250,000)-Medium Grants ($300,001 to $5 million)-Large Grants (over $5 million)These grants can support a wide range of projects, including office, retail, cultural, industrial, and mixed-use developments of more than 10+ housing units with ground-floor retail.

The city has a growing population, reasonable property taxes, and offers solid cash flow opportunities—especially with new construction duplexes.These are off-market deals that are designed to attract long-term tenants, and they offer a balance of immediate cash flow and long-term appreciation potential.