In 2008, the high-growth housing production markets such as Phoenix and Las Vegas experienced deep losses in real estate values, which took years to recover, while the Houston economy benefited from a surge in oil prices.

So if you just slow roll your live in remodel you should even be in compliance with the safe harbor.Some personal use of your investment properties is fine.

In some cases, if not most cases The vertical climb, this time is much stronger.The foreclosure moratorium ends on December 31st.If this date sticks, the shadow inventory that has built up for almost two years, during covid will be unleashed with its furry into the marketplace.You already have buyer strikes going on in several areas with the pace of buying slowing down.With the foreclosure inventories being unleashed into the marketplace, Supply will outpace demand and the markers will be in a freefall position.This means that we will see major price destruction.I tell all my clients.

Slow growth makes for steady gains!

Hi All,My wife and I are in deep on a four unit deal that we’re going to house hack.

MLS, Zillow and the realtor's website has helped get some people in the door, but showings have been slow and only 1 applicant has gotten to the point of interview so far.  

Im sure after a slow period they may have gotten taken out by some of the bigger companies.

We notified the existing tenants of the change in ownership, and informed them of the rent increase, about $65, starting 2 months out, stating it was fair market rent, which was true  We stated we would make improvements to their Units, like above, with the exception of painting and refinishing of cabinets (too invasive for an occupied Unit), as well as repair any issues, like slow drains, which was found during the building inspection.

Then I do deep breaths and think about what I'm grateful for a few minutes.   

Once you see a pattern of costs/ft - I would use this number. it's not the same as a real BPO or appraisal method- but in slow moving areas - it may be all you have to make sure you don't overprice a rehab.