Also, REITs are correlated with the stock market and with the RE market.

Market Conditions Aren’t Always in Your FavorHouse hackers often assume their property will appreciate and rents will rise, but that’s not always guaranteed.

In 2024, I focused on the Charlotte, NC market, completing 21 deals in my first year of taking consistent action.

Excited to hear more about your projects and experiences.What markets are you focusing on for your flips and buy-and-holds?

If you're in a high-cost area, consider out-of-state markets where you could buy a rental property outright. 

Are you in the market for contracting work, or are you doing your own projects?

@Diana Mulvihill A lot will depend on your local market and competition.

Now there are tertiary markets in the US that will be low value assets but not super high risk those are your smaller towns but your upside is severely limited.

(assuming market does not crash etc).

Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.