Stick with it and politely decline the request.

There’s been times where my offer was declined, then the seller came back to me 3 weeks later to see if it was still on the table, and we did the deal.I also don’t put my offer in writing.

Dear all,What do you do if rents are declining in an area that you own a BRRRR property in?

Often a home in a declining area is sold to you, with a decent initial cash flow.  

If so, watch out most lenders will decline your loan. 3) So you found a good deal but it's in a rural area?

In a situation like this do I ask for an explanation or do I decline the roommate immediately?

Not everyone does this, but it is the correct way to do it as your investment capital is declining.

Houston Real Estate Highlights in JuneSingle-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;Total property sales soared 18.3 percent with 11,153 units sold;Total dollar volume climbed 15.1 percent to $3.3 billion;Single-family home sales rebounded from two consecutive monthly declines, jumping 15.7 percent year-over-year with 9,328 units sold;The Days on Market (DOM) figure for single-family homes grew from 50 to 56 days;Total property sales soared 18.3 percent with 11,153 units sold;Total dollar volume climbed 15.1 percent to $3.3 billion;The single-family home median price set a new record high of $262,000 as it rose 3.6 percent year-over year;The single-family home average price declined 0.6 percent to $319,881;Single-family homes months of inventory was at a 3.2-months supply, down from 4.3 months last June and below the national inventory level of 4.8 months;Townhome/condominium sales reversed three monthly declines, rising 1.9 percent, with the average price down 5.4 percent to $212,216 and the median price down 1.8 percent to $174,350;Single-family home rentals jumped 15.3 percent with the average rent down 1.0 percent to $1,906;Volume of townhome/condominium leases was unchanged with the average rent up 7.9 percent to $1,731.

. - Private lending - this is a great time to earn a high 8-10% yield with relatively low risk- All-Cash buyers (not just folks using bridge financing to present themselves as all-cash buyers) - these folks get to buy on their terms, and may have distressed opportunities- Preferred Equity - essentially another tier of debt, this is also protected from downside and may offer relatively good yield.I think folks who should not be excited are: - People who recently entered, or are currently entering, the commercial space, including multifamily - I think there is huge risk here, risk that should make people in late 2023, and perhaps 2024-2026 excited about entering - People who are buying property at 4-5% Cap rates, with 6-7% interest rates- Folks with properties that are breaking even or worse with cash flow - rents may decline next year, AND it's really hard to exit/sell property right now profitably.- Folks with short-term rentals who projected returns using numbers from last year- Folks with flips or BRRRRs that they need to exit or refinance- Anyone with variable interest rate debt, or any time-bound pressure to sell, refinance, or exit their investment in the next 3-5 years.

The Austin metro had a similar YOY decline of 13% to a median price of $450,000.