Secondary markets and tertiary markets only, no major cities.

With over an estimated $300 billion of extremely delinquent debt yet to be liquidated to the secondary market, there is a a lot of opportunity to reposition these loans, keep folks in their homes and make a very nice profit for all involved. 

Here’s the deal (pun intended):Run the Numbers: If the deal makes sense on paper—cash flow, ROI, and all—trust the math, not just your gut.

People either can’t do math or don’t pay close attention to that not-so-little item. 

Jay, when we were looking at it a few years ago in a secondary market (this is where we specialize), the EV penetration was not that high.

Secondary markets will give you a balance of appreciation and cash flow if you buy in the right pockets and a good asset. 

So unless the Fed is willing to start dropping hundreds of basis points at a time and without doubt unleashing a significant inflation "spring", or Fed's stepping in to convey some form of CRE finance relief something...... well the math is clear, Q1/Q2 '25' is gonna get real interesting real fast for Commercial Properties. 

I have yet to do the exact math.

@Terry Hall  My comment was to Jesse Scroggins as it appeared to me that his math was off. 

Total users double every year is the math on that.