To be sustainably successful requires a marketing budget of $5,000 - $10,000 per month PER market area.  

The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.

The first step toward this goal is for the city council to recognize the harm caused by maintaining a high commercial tax rate, which drives companies away from the city.Hopefully, we can explore more avenues to generate employment opportunities for Worcester residents, empowering them to work and sustain themselves.

We know how many going to foreclosure, what we don't know is whether the bank can sustain those losses  (such as hotel / office ) before the Gov. stepped inthis time could be different though so everyone is waiting, it's not about bearish or bullish but just about to wait before calamity, especially the unemployment.

I think we only saw the first wave from this, and are now into consolidation and normalization, from which sustained growth will next come, if not already is here in early days of it. 

This definitely resonated with me. 

If this sustains through the rest of the year, it would be the highest percentage of cash transactions in residential properties in the past 10 years.

Inventory is now very substantially above the extreme lows seen in recent years, when inventory in the Austin area fell below 1 month (very extreme imbalance between demand and supply) for a sustained period.Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single family home in the City of Austin over the past two years:The median price for a single-family home in May 2024 was down roughly 10% from May 2022, which was the most recent pricing peak in the Austin market.For some context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:As you can see, pricing Austin is still substantially above pre-pandemic levels.

Maybe next timeBecause I could share a story - or even a dozen stories - that don't resonate with the individuals reading this particular thread.

Once the renovation was complete, I helped the client with tenant acquisition and long-term rental management, turning the upgraded property into a sustainable income-generating asset.This project not only increased the property's value and rental income potential but also provided the client with a solid, long-term investment in the real estate market.