This is my first purchase after moving to Arkansas and in this real estate environment, I had to think outside the box as this is the first deal to make it to the closing table in over 6 months of making offers.

As long as we don’t see a spike in unemployment above 5% and inflation doesn’t tick up above 3% by Q3, the 2024 environment should bring back demand for homes.

The panhandle of Florida has gained a lot of attraction with sales skyrocketing and all of the feeder markets wanting to purchase since its a family oriented environment.

Building multifamily is 100x harder and more riskier than buying multifamily that needs a renovation even with the tough lending environment.

As a private lender I wanted to chime in on this to help add some value.First, finding a private lender that would be willing to lend up to 100% of everything needed may not be viable in the current lending environment.

How do you see the current market environment affecting wholesaling for coming 1-2 years? 

Similarly, transactional volume has dwindled considerably year-over-year due to the rising interest rate environment.

Most of the homes there were built pre-1978 and so in addition to a Baltimore County Rental License (you can find more info on the steps you need to take at this link), you'll also need to get a Maryland Department of the Environment Lead Certificate (you can find more info on the steps you need to take at this link).You'll need two inspections done, one for the rental license and one for the lead cert.

I theory buying a multi family that cash flows shouldn’t hurt your ability to qualify for another house later, the issue is a lot of stuff in the nice parts of Baltimore are hard to cash flow with todays rates (if you can even find them at all) I’ll be honest if I wanted a single family home in the suburbs I’d just do that, in this current market environment, to me keeping it simple, buying something you want to live in 1st and a investment 2nd is the way to go.

The brokerage does not dictate the edu you get, the support, environment none of that.