pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

While owning properties in an LLC is a solid foundation for liability protection, it's wise to continually reassess and enhance your strategy.

You give me energy to trust my instinct and continue to think bigger!

Though interest rates at the moment are high, the absolute smartest move for you will be to continue to use reasonable leverage to continue to purchase more and more properties over, as you say, the next ten years.  

A recent study showed that 80 people are moving to this city every week. 80 homes aren't being built here every week, so the demand continues to increase. 

This rise underscores the continued strength of the multifamily sector, with over 60,000 units absorbed during the month, setting the stage for a potentially record-breaking third quarter.Midwest and Northeast Markets Lead the WayLouisville, Kentucky, continues to dominate the multifamily market, leading the top 50 U.S. markets with a year-over-year asking rent increase of 4.3% at the end of July.

This lack of sophistication with money leads many to avoid using credit at all and just continuing to operate within their comfort zone.

Syndication investors are learning hard lessons about finding quality operators who will transparently share good AND bad news with investors.In your case, I would continue asking questions and looking for information - that is the only way you can find out if it's truly a failed deal or not.

I am not at the point that I can take advantage of economies of scale, so I plan to continue managing my properties.

That said, we have built and sold 34 of these build-to-rent properties this year and are continuing to buy more lots for future development.