@Isaura Orellana    Same question, do you manage Section 8 tenants in Detroit?

Waiting for interest rates to drop is the same as waiting for prices to go up.

So, you have primary buyers and investors competing for the same deals - ones that need some work, and then investors are competing fiercely for the more distressed deals. 

Could you buy two SFR's with 300k and make the  same cash flow? 

It may look like you are overpaying on it on paper but if you buy nice product in nice locations you will appreciate and be well occupied at the same time in my experience.  

This minor dip suggests there’s a bit more room for negotiation.Median Time to Contract: Homes are taking longer to sell, with a median of 35 days to contract compared to 26 days last year—a 34.62% increase.

This small decrease suggests there’s a bit more room for negotiation.Median Time to Contract: Homes are taking longer to sell, with a median of 27 days to contract compared to 19 days last year—a 42.1% increase.

So home is being sold for 1.2-1.6 in the same exact block.The 1.2 is usually home without updates, lets say you change everything into that house, you spend 100k.

Lots of equity built into this deal just on day 1 and getting better as time goes on Lessons learned?

I work with a hedge fund that amounts to a loan of 30 years. contact me and I get you a quote the same day they can close within 14-21 days