There will be a decent increase in equity; ARV goes up by about $60,000. 

I have a feeling that they are going to ask us to meet a reserve price, but I don’t know how much sense it will make to increase my offer.

The median price in the city hit 379,925 as of June 2024, reflecting a 6.3% increase.

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

Investing now may be worth it, as interest rate cuts in 2025 may increase competition and prices.

Quote from @Brienne Metcalf: Something to consider.I don't recommend gradual rent increases, for a couple reasons.1.

Mine have formica, but if I needed to make a change I would probably do quartz to increase resale value if I ever decided to sell. 

If I can even get 7% COCR with my gained equity out of state it would be a substantial increase in cashflow.

An increasing number of cities are placing restrictions on short term rentals, including on the Oregon Coast, believing that they cause a housing shortage for locals. 

Although the concept of a remarketing campaign has been around for over a decade, it often only gets a small mention in various courses. And I really couldn’t tell you why…
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