"High demand area" and "off market deal" are red flags for newbies!

pid=2096Houston Real Estate Highlights in June, 2024:-Single-family home sales declined 11.6 percent year-over-year;-Days on Market (DOM) for single-family homes went from 45 to 46 days;-Total property sales were down 13.6 percent with 9,133 units sold;-Total dollar volume declined 12.2 percent to $3.8 billion;-The single-family median price was statistically flat at $345,500;-The single-family average price was statistically flat at $432,090; -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;-Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

I have spoken with an agent who has worked exclusively in this space for years and have been told that for the Oklahoma market, warehouse tenants pay rent most generally by CHECK.   

Before proceeding you should become familiar with commercial real estate.A Quad is valued the same way as single family, using the comparative market analysis approach. 

Depending on how you're planning on financing the property, also ensure you are protected with some contingency just incase the property is not worth what the seller is asking for in this market.

We are almost done rehabbing and ready to put on the market What made you interested in investing in this type of deal?

Chasing the latest “hot” real estate market, trend or location to invest in5.

If anyone knows of a good market without restrictive zones, please let me know.

The property was sitting on the market for about 30 days due to the condition, seasonality (it was December), and smaller size of the property (about 1300 sqft). 

If so that can work in very specific red hot markets.. however experience has dictated to me over the decades that land can take a long time to sell .. many times has to be sold on contract to move it.. or if its cash you have to have the lowest price parcel of any similar ones on the market to move it timely for cash..