You are seeing it already, the nicely renovated units are having to compete on price with vintage units, because we are in a market where a lot of people are worried about their job prospects, not anticipating getting raises, on top of groceries costing 30% more than they used to.  

Do you anticipate it being vacant through the winter.

Hello BP Community,
I am new to real estate investing. We currently have one rental property that is fully paid off, generating $2,150 per month in income, with expenses around $1,000. We are now considering house ha...

Vet some PMs, tell them your situation, and get a very qualified one to get you out of it.Going forward, either learn how to detach yourself from this nonsense or enter an asset that does not require human interaction.

.- 5 month permitting (Much longer than anticipated)- 160 days of vertical construction - The storms set us back on a few builds because it caused us to delay our septic instillation.

This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

Is Lakewood market anticipated to hold value around this 225k range for a renovated property?

But as I focus exclusively on representing landlords in their interactions with Housing Authorities, my perspective has shifted significantly.

So far interactions with them have been great.

I’ve had other clients who preferred this approach..one even found a gem in Glenview at a time when the suburb wasn’t as well-known, and today his property’s value has grown by 15% in the past three years alone.With the anticipated drop in mortgage rates in 2024, the suburbs might be a solid pick for someone new to the market, especially if you’re looking to build equity without dealing with the volatility of city investments.So, for a first-timer, think about your goals: high appreciation and some hands-on work?