Please note that the estimate that I received includes adding a powder room to the house, and reconfiguring the main bathroom.

I’ll keep my powder dry and either invest in another area in DFW or more likely just add some more duplexes in Lubbock or additional MTR plays in the Midland/Odessa area. 

When the market turns up, prices also go up quickly.We all read stories about immense amounts of capital - dry powder - poised to jump back into the market…….Assuming there are deals to be had…….I submit for consideration, the retail investor isn’t going to get them……it’s the groups with Millions and even Billions in the bank that will get them……While returns on multifamily have decreased - at the present time, solid deals run by experienced operators might yield 13% 14% IRRs……….and 16% or 17% annual rates of returns…..On a 5 to 10 year horizon, I believe investors will be better off continuing to invest in real estate than Treasuries……..So while parking the money in Treasuries may feel safe - deciding when and where to re-enter the market is a difficult decision.I believe retail investors will do better investing with a long term horizon - less focus on timing the market or getting a deal - time in the market v timing the market.Thoughts?

Investment Info:

Townhouse industrial investment investment in Sodus.

Purchase price: $6,400,000

Cash invested: $20,000,000

Looking to Raise $20,000,000.
Investor IRR 56.91%
Investor EMx 2.38x

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If people's, mainly primary homeowners and some investors, have lost dry powder due to another 4-6 months + higher-ish rates then your investment likely went down.

Having more dry powder for when opportunities pop up.

The DC one had this black powder on the wall of one unit.

Those folks will travel the world looking for the perfect powder etc.The average skier family might not look at a place like that as often.

The freeze/thaw cycle will bust the dirt up into a powder by Springtime. 

Keeping my powder dry for next year.The bottom line; He bought the property and then sold it to Jordan Redding in 2017 via a Warranty Deed with Vendor’s lien… which basically means he sold it without paying off anything (Texas law is very clear about the effect and implication of warranty deeds) for $174,900‘the “underlying debt conveying herein… filed for record 2016-54631 Deed of Trust…” which is a deed for $171,830 FHA loan to the homeowner.Then… Jordan Redding gets a (wraparound financing) Deed of Trust, which strangely also acts as a warranty deed, and appears to give back the property to Jordan Redding.Anyone scammed by this guy?