Bye for now!

“I appreciate the offer but no, I have to do this.”I said good-bye to everyone at the company, drove home and that was the last time I went into the office which I had called home for 4 years.

It also depends what asset class you are buying, but I presume you are looking at SFH.My current philosophy is waiting 6 months after fed rates peak to let markets equilibrate.

A couple things stick out to me here-Sell at the peak - if we were all so lucky to sell at the peak.

In this way you’ll buy more in recessions and when market prices are low than high.Lots of experienced investors are doing less deals in the current markets as most nationally recently passed market peaks.  

We still have demand, but things slowed down a little in the past few months because of Covid, and because this is not the peak summer season.After Covid, landlords also started to consider different types of short-term renters like traveling nurses instead of just focusing on tourists or city visitors.I like your plan, especially that Tacoma is allowing two ADUs in one house with no-home owner-occupancy requirements.Feel free to reach out if you got questions or comments.

Some of them peaked 4-5 YEARS ago and haven't budged since.

I agree with Chris.Here is how it goes for meMe: Can you tell me about your property and why you need to sellSeller: blah blah blah my house is great blah blah i need to sell fast for a random reason.Me: What is your asking priceSeller: 55k If this sounds like a good priced home that I can wholesale I continue the convo, if not I save their info and call them again when they become more motivated to sell.Me: Is the home listed with a realtor Seller : no its not (if yes then bye bye from me, save info and call if listing expires)Me: ok great, when would be a good time for me to come view the homeAfter driving to the home & building rapport with the homeowners.Me: Whats the lowest you would accept as a cash offer that can close in 2 weeks.... then I negotiate a price with the homeowner.Seller: Well I only owe 50k on the mortgage so I would take 50k cashMe: Ok that sounds great, i will not be purchasing the home myself but what I can do to help you out is put this property under contract so i have equitable interest in your home.

As for housing, it is already slower two months ago in SFBA as people sense the peak already past and are cashing out with 20-25% more sellers.

Likely you will achieve a higher occupancy and nightly rate during the summer peak season.