I believe this is correct - doable but very challenging to qualify STR with conventional in a high-rate environment like we've been in.Sharing this article published last year on STR Loans Options Pros/Cons, etc if it helps!

I just want to make sure I have this correct because that is not a thing.If your goal is to leave your job, it's not going to be through one investment and it's certainly not going to be feasible to build a 4-plex in Vegas or Henderson unless you have a solid bag of cash somewhere.

NJ is a very pro tenant state - hire a good attorney and make sure that you have every infraction clearly documented, your ledger is correct, your property is licensed, you have a copy of your lease....etc

While I do believe 2024 will be a red wave, and have stated so before, I'm only putting positions post Labor Day or as early as after the DNC. 

So, I'd like to correctly categorize things for 2024.Anyway...supplies vs assets. 

@Sharma Parth, You are correct. 

Or he is not marketing correctly. 

Hey @Jordan Schneider, We had a similar issue in the past because we were not setting expectations correctly from the beginning.

I am here in southern California and homes are still selling in less than 2 weeks.The agents that price the homes correctly will get multiple offers and sell in less than 2 weeks.The agents that price the home extremely low for marketing purposes will get 20 offers on a home.I tend to price the home slightly higher than the market and see if any buyers will bite, if not we typically adjust the price down over a course of 30-60-90 days down to the price where we start to get showings and offers. 

Yes people lose it all, typically because of over leverage or crazy events like 2008 - but if you also have cash reserves you can offset any downside to minimize risk even moreWhen people start using lines of credit and seller financing at 90-100% you are correct those people have a very high chance of losing it all.