A lot of buyers in the past couple years purchased with the intent to rent their homes on a short-term basis (Airbnb) which caused prices to shoot up and for one reason or another, a lot of these buyers are deciding to cash out which is creating a large inventory of homes in residential neighborhoods and putting downside pressure on home prices.We are definitely seeing home prices in residential neighborhoods coming down a lot and with the high level of inventory, there seems to be more room to come down.Home prices on acreage in the more affluent parts of Joshua Tree and Yucca Valley (south of the 62 Highway) are slower to come down.

What if your partner doesn't have the money to put into the new roof?

This program is also winning on our weekly interest rate survey at the moment.Here is an example of a loan summary put together for a client last week.

Looking for advice on putting a STR into an LLC. - Why is this recommended?

Don't sit around waiting and miss out.If the numbers don't work with 20% down, save up and put 40% down.

Most of my owners put their properties in LLC's, however just curious if there would be any compelling reason why you wouldn't want to do so.

Last fall I put offers in on some properties in Grass Valley and Nevada City at prices that would at least break even on initial cash flow, but sellers still thought it was Q1 '22 and would rather take their properties off market than sell for less than what they considered them worth. 

Same with a construction project, you wouldn't even know what to put in the contract.

@Manny Rana yes we are Manny, please don't DM us as doesn't work for us:(We can't put our number here as BP will delete the post for self-promotion, so please check us out through our website in our siganute here:)Sorry for the BP challenges:(

We had 20k to put down in cash and we did a mortgage for an investment property.