I’ve run into this many times on deals I acquired and rehabbed utilizing hard money.  

During that 7-year time period, the median number of sales per year was 1259, about the same as in 2024.

Do that a couple times.

It was kind of a bad spot in my life at the time.

Hi @Steve Kania, what an exciting time!

All things considered, on the market for months, its now winter time, cold weather, holidays, and dark at 5 pm, not prime selling time, I offered $250,000. 

We were there looking for another property that we could buy together on the beach that we could rent out as a short-term vacation rental.We we're living it up and having a fantastic time zip lining, eating delicious food, and seeing the monkeys in the wild.it seems like from the moment I returned from that trip in August 2022 the real estate market completely changed.

Lenders or investors who have short lock up periods but have years of experience feeding their business with new capital would give me more comfort but anyone who is just starting and is promising a rate of return or return of capital in a set period of time would be alarming because they very well could be reliant on fresh capital to make good on that promise and that usually ends poorly.

The problem with taking on a second property that needs work when you already have one is when major things break in both at the same time.

Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well.