GENTLY WITH A CHAINSAW.WE'RE PLAYING MONOPOLY FOR REAL! 

I own two fully paid out single family homes through a 1031 exchange, my original thought process is to keep them long term since that's been what I've done in the past, however I am contemplating changing my strategy since I'm seeing a lot of movement in the local real estate market that people are flipping them within a month of their purchase on the home. 

GENTLY WITH A CHAINSAWWOODCHIPPERS!!! 

And for us, we would rather take a financial hit and have to fix plumbing than to have intact plumbing, but a tub full of bowel movements...the gross is worse for us!

Inching closer to the 7% mark, the 30-year fixed-rate mortgage has climbed to 6.90%, up from 6.77% last week and notably higher than the 6.50% recorded a year ago, according to Freddie Mac data.After a period of smaller rate movements offering some relief to homebuyers, recent signals from the Federal Reserve hinting at delayed rate cuts have sparked an upward trend.Sam Khater, Chief Economist at Freddie Mac, emphasizes that strong economic and inflation data are driving this shift.

RE Is nothing but numbers, you just better know themGood luck PS I posted this a few months ago, YES its this simpleHey all, I see so many posts, " I am researching, " I am doing my homework" , I am trying to build my team" "Deciding on which area" So many are TRYING but never do anything, like a hamster on a wheel, A LOT of movement but staying in the same place.

Currently, I have a single family property that I closed on in early 2024 and am working with a property manager to find renters (was told that this is a somewhat slow time of year in Minnesota due to the weather, but should expect more movement in the coming weeks).I used a HELOC for the down-payment and a conventional for the other 80%.

Greetings Gentle Readers!

There's been a lot of movement with blighted sites and commercial real estate that has been sitting vacant for decades.

Depending on your main goal it'll drive your movements.