Palm Beach Real Estate: A Closer Look at June 2024Single Family Homes: A Dynamic MarketClosed Sales: Palm Beach experienced 1,269 closed sales of single-family homes in June 2024, an 11.13% drop from June 2023's 1,428 sales.

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Concentrate on knowing local market dynamics, financial planning, legal and tax implications, and long-term objectives.

Those are all different markets with different dynamics.

The listing broker is going to try and sell you on paying a price that makes sense given the projected or proforma rental income, a dynamic that is the equivalent of how the listing agent on a SFR might try to sell you on paying a price that bakes in future/anticipated appreciation, or "look at this home's potential!" 

It’s when there’s a patchwork of laws in a local area that really messes market dynamics and then people don’t move and others are forced to unecessarily.  

Big 3 is an intricate part of the history. 

Important to not take one statistic and make conclusions about the entire market.I would have to get to know these areas a lot better to understand the trade offs and dynamics.

I quickly identified the tasks in my day-to-day that could be automated and learned how to do so, I think nowadays you don't even need to code to do that, but being in real estate means being highly adaptive to a dynamic environment, so having the knowledge of automating your business is very useful..

Not so much in actual terms of the deal (although that can be intricate also) but for the effects on the seller and/or their portfolio.