The problem is their capital is tied up, so I've been asked if I would like to purchase the house and then lease it back to them.Here are some pros/cons that I can think of:Pros:-We haven't agreed to a rent amount, but it will be above market rate.  

pid=2114Houston Real Estate Highlights in August, 2024:• Single-family home sales declined 8.3 percent year-over-year• Days on Market (DOM) for single-family homes went from 43 to 47 days• Total property sales were down 11.2 percent with 8,730 units sold• Total dollar volume declined 8.8 percent to $3.5 billion• The single-family median price was down 0.3 percent to $336,940• The single-family average price rose 0.9 percent to $421,912• Single-family home months of inventory registered a 4.5-months supply, up from 3.2 months last August• Townhome/condominium sales continued to decline, falling 16.7 percent, with the median price statistically flat at $226,000 and the average price declined 1.2 percent to $258,952.

The rental market is really good, and rents are 1% of what he's selling them for.

Once you get into the 5+ unit properties, the lending market evaporates, there are very few lenders in this market and the rates are 1-1.5 higher than in the 1-4 unit market, if you are thinking bigger, the 10+ unit financing is best case 65% LTV, where the 1-4 unit market is 80% LTV for  Stabilized rent ready properties, and if you are buying a fixer upper you can usually get 90% of purchase and 100% of rehab. 

I look forward to getting to know these markets better and connecting with fellow real estate professionals here.Any advice or insights you can share would be greatly appreciated!

Here are some data points from the past month:Real Estate UpdateHere's the latest market report (based on single-family homes):Mortgage Rates:30-year conventional rate today is 6.27%30-year VA rate today is 5.69%Median Sales Price:June: $485,000July: $487,483August: $480,000New Listings:June: 1,920July: 2,068August: 2,153Median Days on Market Until Sale:June: 13July: 14August: 16Months Supply of Inventory:June: 2.3July: 2.8August: 2.9What does "Months Supply of Inventory" mean?

Hey guys, I'm looking into marketing to probate leads in FL.

For help with the section-8 process, it's very important to have a PM that's familiar and connected with the HUD programs in the selected market. 

Hello,Curious to get opinions on effectiveness of using postcards vs. hand signed and addressed letters for marketing. 

Hi @Brent Barcus there are not many LARGE multi-family in this market.