.🌴 Key Points to Consider in The Bahamas:Diverse Real Estate Landscape: From beachfront properties to urban centers, The Bahamas offers a mix of real estate environments.

(Which is all the more important in the new interest rate environment we find ourselves in).

Lancaster is a more target rich environment, but the prices are higher (but so is the rent).You may find some luck in California City, but I recommend you do a lot of work to screen tenants as Cal City has a notorious streak for having poor quality renters.

In that kind of an environment, back-room deals often decided policy and sometimes they were good policies and sometimes not.In our current generation, the most strident proponents and opponents of any policy are also the most ignorant.

I noticed they were more at ease and more likely to be themselves in this environment, so it allowed us to get to know them and judge their character.

Then, post WWII the changes in lending environment brought prices up to a new baseline until the changes in lending practices in the early 2000's kicked off the recent bubble.

Just recently, we've been lowering the target a little bit to around $25k to account for the more competitive environment.

I've installed it before and I think it looks really great.One note - it does not perform well in environments with a lot of moisture.

What do you think would be the best path forward in the current environment?

I ran these numbers on my last deal and it came in the ballpark of eating 5% in the year of reset and thats with a stable interest rate environment.