Robust supply fuels strong leasing activity in the Greater Houston areaHOUSTON — (February 21, 2024) — The new year started with solid demand for single-family rental homes as well as townhomes and condominiums.

Additionally, the strong job market and growing population point to continued demand for multi-family units.

I also regularly come across off market sellers and my team member owns a STR management company, so I direct all STR underwriting to them as they are the experts on performing/non performing properties for STR strategies and then identifying options.

Especially since seller has a current loan.

The condensed issue centers around decoupling of agent commissions, or no longer allowing seller's to pay the buyer's broker. 

If invetory is extremely low, like we have it here in Milwaukee, sellers have no reason to offer a discount. 

. ($65k)Needless to say, they still aren’t done and on Dec 10th - their “underwriters” demanded $95 to “continue the process since it’s taken so long”.

However, no one told me this, either the seller or inspector. 

Purchase price: $50,000 Cash invested: $2,000 Bought 3 City lots in a city with very high demand for housing.

You may also want to look at seller financing.