Is the market about to start popping again?

Market OverviewThe Los Angeles retail market showed signs of stability in Q1 2024, with asking rents holding steady at $34.21 per square foot and vacancy rates remaining unchanged at 8.1%.

@Francisco Jasso Any updates worth discussing for either of you regarding challenges/successes in the Portland/Vacncouver market since your posts last year?

So many deals to do in our market.

@Miles Presha That SHOULD be a viable strategy but based on the rents in your market.

In an on the market podcast I listened to recently they talked about underrated cities and mentioned population growth as one of the metrics used gage whether it was a good investment. 

Hi all:I’m considering buying an STR in midland and/or Odessa and wondering, for those familiar with the market, how is it performing?

A lot of my out of state clients love this market because there's still tons of opportunity for finding BRRRRs and flips.

Although we don't specialize in buy/flip/sell, we do manage over 1K rentals here in the Central Indy market. 

Now as a Banker I understand you will have a shorter pay off but you also have to take into consideration market declines.If the market declines in any way or if your area suddenly gets hit with a higher than normal foreclosure/short sale values can drop.