Inventory has definintley been on the rise!

.📈 Interest Rates UpdateMortgage rates remained steady above 7% this week.For context:2017–2021 rates: 3.65%–4.87%Pre-pandemic average: 4.16%While today’s rates are higher, Las Vegas home prices continue to rise.

I’m not sure if the metric has changed much with inflation and rising costs but I’ve repeatedly heard that $200 per door is a good cash flow.

At $500/mo per door you would have $175,000 cash flow in a year before operating expenses.

Quote from @Khyree Randall: @Caleb Brown no offense but a snowball has more of a chance in hell not melting than me ever knocking on a door.

I hear so many things from door knocking to contacting your circle of influence but lets be realistic there is tons and tons of tools that make outreach way more effective.What would be a good way to market to get 5 listings this month?

I am unconvinced that the new administration will meaningfully address the deficit and US credit will continue to erode gradually, contributing to rising rates.

I'm in a team who does these deals and we have a team of "door knockers" who go back weekly till the auction, they file bankruptcy which only delays 3+/- months 100% chance that the lender will as that their mortgage is removed from the bankruptcy they file NOD yet again.   

As you are finding out, it is so local that the next door building effects your investment. 

Hey there is someone in the house, maybe I should knock on the door and ask them a few questions...like are they planning to sell the tennis court?