To use numbers for the Austin MSA:April 2022 the median home price was $550,000 ( market peak)April 2022 interest rate: 5.975%Monthly payment $3,739 (loan $2,631 | taxes and fees $1,108)It is quite likely many April closings locked in at March rates, so let’s include those:March 2022 interest rate: 5.328%Monthly payment of $3,559 (loan $2,451 | taxes and fees $1,108)October 2022 the median home price is $474,900October interest rate: 7.2%Monthly payment $3,550 (loan $2451 | taxes and fees $971)And sure enough, a median price home costs a buyer each month nearly the same now as it did in April ($3,559 versus $3,550, a delta of only $9).

But the stocks of Home Depot and Lowes are rallying after good quarterly earnings.

Though it may be relatively simple to earn short-lived profits, developing a long-term real estate investing business requires skill, effort, and these 10 important habits.1.

I have so much “leisure time” that I’m not earning that $50/$100/$200/hr doing something else.

Quote from @Kwok Wong: By increasing earnings.

Part of me wants to start locally, learn how to be a landlord, earn my place in this real estate investing world.

Just depends on how bad you want your money back, versus earning good rent off of free and clear properties.All the best!

You earned a solid amount of cashflow for the years it was rented well, and made a big dent to the amount of equity you were able to gain from this.

-stefanHI Stefan,I’d advise to get those 7 properties and current returns for 2021 reviewed so you can plan out your rental income and your earned income going into 2023, we’re at the end of 2022 pretty much right now so its a great time to get a jump start.

Learn and earn as you go and once you think time is right then go full time unless you have no problem financially.