Economists:It is said that there are 4 phases of a real estate cycle: (1) RECESSION (supply greatly exceeds demand and high vacancy rate); (2) RECOVERY (rental growth remains stagnant with little signs of new construction but the economy feels like it is headed in right direction); (3) EXPANSION (job growth is strong and increased demand for housing. 

It was a heavy value add deal at a great basis.

Our underwriting focuses on the quality of the deal, relative to current value and arv of the property. 

@Dan Abts I believe @Matt Carroll is associated with ConnectLinx, however, I just wrote the following post titled: "2024 Rentlinx Alternatives - Snake Oil or Real Leasing/Rental Syndication Providers" breaking down my journey trying to find an alternative to Rentlinx.

With the services they provide I feel that they would be a really great one stop shop but I was hoping that the people here with infinitely more experience than I could weigh in on this.

A few things about an assumable mortgage; As you know, in a high interest rate environment, assuming a loan at a lower rate is great for saving on your monthly payments.

I currently live in central Midland, TX in a 3 bed 2 bath single family home (1480 sq ft) with a value of around 305-315k and I owe 221k.

@Karolina Powell, if you are going to make investment decisions based on someone saying a small market property is worth a 6-8 cap rate, do I have some things you will want to see...Everyone should have a general rule of thumb, and Austin may be correct, or he may be way off.Mixed use can be hard to value in any area unless there are other trades.  

I am considering joining one of the high tiers of the Big Dog Program (Phil and Shenoah Grove).

Figure has a reputation for being a fast HELOC provider.