Adjust accordingly2.

Patience and flexibility will be essential in this market.Key TakeawaysPalm Beach’s market is adjusting, but it’s far from stagnant.

Rates have now decreased from averages in the mid-7's to now upper-5's, yet the market has not seen a "speed up" -- likely due to the seasonal swing, and the upcoming election. 2025 should see strong property value growth, with increased inventory, but also increased buyer activity with rates expected to continue downward. 

In the event you underestimate the section 1245 assets, an audit would simply result in an positive adjustment for the tax liabillity.

This hands-on approach could also give you more flexibility to adjust to market conditions, like listing at the right time.Lastly, even though you didn’t invest your own money in the deal, building relationships with your private money lenders and owner financiers for future deals is key.

A quick question on subdividing land: how does it affect the tax on that land after subdivision?Example using fictional figures:We buy a 10 acre lot, taxes are $1,000We subdivide it into 10 x 1 acre lotsNo properties ...

HELOC is best for short term money, because the interest rates are adjustable, while the second mortgage is a fixed rate for a period of time.  

The higher costs are offset by the speed and flexibility of the financing.

@Jim Bouchard  the only action for you right now is to maybe adjust the closer on the screen door so it doesn't slam.  

The growing inventory, up 36.6%, offers more options for buyers, while sellers might need to adjust their approach, highlighting value and making their properties stand out.Townhomes & Condos: A Shift to the Buyer’s AdvantageIn contrast, the townhome and condo market is presenting more of a challenge.