Ultimately, we need mortgage rates to move down to improve both affordability (lower monthly payments) and availability (‘freeing up’ previously ‘locked in’ sellers).Drilling down to the city levelThe inventory situation is very different from city to city, and that’s driving divergent pricing trends.

I suggest getting with your agent ASAP and asking exactly why in the heck this is the situation your looking at. 

Good luck Yes sir the cash needed to close will be about 14k now with the counter coming back at 399 and closing covered. its a VA situation so the down payment will be insane. 

Hope this helps - sugar coating your situation doesn’t help you at all. 

I have heard multiple times that Joshua Tree is saturated.

Everything is highly individualistic and there isn’t a “right or wrong”, but what works best for you and your situation. 1) what is your ultimate goal for your ideal investment property?

If I were you I would make it a habit to raise rents each year to avoid situation like this were your now $600 lower than where you want to be. 

Multiple, billion dollar companies are investing substantial amounts of money into our area, such as Intel, Google, and Amazon.

I'll first introduce myself a bit to help you guys better understand my situation.

Hello everyone -Any help with this situation would be appreciated!