That’s the lowest index level seen since December 2023.Looking closer at the components of the index, however, revealed that expectations for the next 6 months actually improved slightly.

But the kicker is that the house has a market value of closer to $750,000 - $800,000.  

I’m getting closer to becoming a real estate agent and I want to know what made you successful at attracting first time homebuyers?

BUT if you cross collateralize with another property you own that has equity, you’ll be able to get closer to 100% CLTV.  

I looked at almost every market in florida before I relocated from columbus ohio because miami Dade County has the most net migrations in the entire United States for one county. we build it in columbus ohio and it is worth approx 215k a door but down here all you'd have to do is change the assemblies and in miami that triplex would be worth more than 300k per door so closer to 900k depending on where you built it. new construction single family homes are going for around 330 per sq ft in the same area and a triplex is considered residential. by building codes a 4 unit is commercial I'd recommend 3 unit first or going as many units as possible if you have backing or your own cash. for each one we do we recommend 100k of liquidity. 

For me I diversify into real estate as well as other asset classes and put most of it in lower risk areas (I am closer to 50) and have some “play money” that I am willing to put in riskier investments.

Now fast forward to 2022, the AFR is closer to 4%. 

The amount is closer to 40k since parts of the backyard still need to be built. 

Usually ends up higher than 5% though, closer to 8-10% in most cases.

I'm not really a Waikiki guy and wouldn't necessarily choose to stay there often, but if I could find a 2 bedroom condo at that price that cashflows...I'd certainly be interested in looking a little closer.