It's even more irrelevant if you are buying a similar home in a market that also has decreased in value.

Despite a slight decrease in total sales (-1.2% compared to 2023), average home prices have risen by 8.5%, with median home prices around $275,000 as of August 2024.

Timing wise as well, though the good STR properties haven’t seen much if any decline in prices have seen a decrease in competition to buy.

Feel free to reach out though if you'd like another look, certain areas have decreased rates for investors based on the area and price so might be eligible.

Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.

I'm a mortgage broker for DSCR loans, so maybe I'm biased, but I hate when the market blesses us with a 200 bps rate decrease in 6 months and folks want a larger blessing.Keep in mind, just 12 months, 8% was the average DSCR rate.

Create a list of properties you think are very similar to yours based on their listings and use those revenues to create your estimate.Keep in mind if you are just starting, expect about a 20% decrease in year 1 revenue compared to comparable listings.

Some things to think about...Real estate could potentially decrease your taxable income by way of depreciation.

This makes it easy for them and thus decreases the likelihood that it becomes an issue.

Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.