Hi BP'rs, I don't have a good sense of how the interest rate cut today will affect me as a new investor looking for my first deal... will it start to drive up prices of homes in areas i'm looking at as money gets cheaper or am I off base?

@Daniel Sabatoif you just have 'home equity' and no cash... i think that won't cut it.how many SFHs did you acquire?

April was our first month and we did $2498 (our cut after airbnb fee).  

The charge for doing so can definitely cut into your equity as it can be 10's of thousands depending on the estimated value of the home. 

How to Cut Through the Noise in 2024 and Choose a Market for Your First (or Next) Investment❓November: Fill in the Blank! 

At the end of the day the PM business is a service business and being unable to communicate with the PM for up to 2 days won’t cut it.

NEW TENANT GIFTSHere's what we give new tenants.....Cleaning Bucket with Cleaning Supplies:white vinegar, baking soda, awesome degreaser, disinfectant wipes, carpet spot cleaner, magic eraser, all purpose cleaner, scrub sponge.Tote Bag with Useful Items and Tools:hand soap, paper towels, plastic garbage bags, toilet paper, toilet plunger, Zip-It (strip for clearing hair clogs from drains), plastic clothes hangers (6), shower curtain liner (good quality cloth one), laundry detergent, dish soap/dish detergent, cutting board, "Freeze the Grease, Save the Drain" kit, “Recycle” bag for collecting materials for recyling, magnet with our name and contact information, picture hangers.Refreshments In the Fridge (for move-in day): several bottles of water, healthy snacks, bottle of sparking cider with a welcome note attached.Larger items: Welcome mat, shoe tray.

The appraisal was conducted a couple of weeks before the most recent Fed's rate cut.

Now if we take into consideration the recent cut in the Federal Funds rate and rhetoric that there is a possibility of 2 more rate cuts before the end of the year, what are you waiting for to buy your next (or first) property???????

Cutting to the business side quickly makes sense, and for some sellers, it’s all about getting straight to the point.