While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

If you increase that to 250-300k then you can definitely pick up some solid rentals around Houston. 

My realtor informed me that he attempted to persuade the buyer to increase their offer to $224k, but their budget constraints prevented this.

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

Or rolling that profit into another property(s) to obtain more rental properties to increase monthly income?

The key to attracting nurses is safety.

i don’t mind buying my own materials if it would save me some cash. having a hard time deciding who to do my home improvements. good help is hard to come by these day, especially being new. the price increases doesn’t help as well. as much as i want to diy, i don’t want to mess anything up & still have to call for help!

I see the rent, I can increase is 5% plus rate of inflation.

Here are a couple strategies to increase the cashflow to maybe cover the whole payment:1.

This will give you a clear idea of how much you can afford and make you a more attractive buyer to sellers.