I, like many used to think “newbies” posted questions or asked for “help” to obtain the best advice from experienced investors, obtain guidance on strategic alternatives, or get a qualified opinion on whether the latest hot guru was worth the $40k price of admission.But, I was WRONG.No, none of those reasons are why newbies come to BP.They don’t want to find out that their “revelation” about how to invest has been tried about 10 million times - with limited successThey don’t want to learn that without capital, knowledge and experience their willingness to commit weekends is near uselessThey don’t want our opinion that they should skip trying to wholesale and spend some time learning as a licensed agentThey don’t want advice that has them taking classes at community colleges or learning real estate law, finance, or principles.So WHAT do they seek when they come to BPThey want comfort, encouragement. and to be told their thoughts are correct.

With it being hot ACs are running all the time so you can have issues with those.

Population growth is expected to be flat over the next few years, potentially constraining household formation and storage demand.Market OutlookThe Los Angeles self-storage market is projected to improve gradually over the next few years:- Vacancy rates are forecast to decline from 11.6% in 2023 to 10.5% by the end of 2024 and further to 9.4% in 2025.- Asking rents are expected to grow by 1.0% in 2025 and 1.2% in 2026, a turnaround from the slight decline projected for 2024.- New supply is expected to moderate, with inventory growth slowing from 5.4% in 2024 to just 0.5% in 2025.While the market faces near-term headwinds from slow economic and population growth, the moderation in new supply and gradual absorption of existing inventory should support improved market fundamentals over the next 2-3 years.

The buyer grosses up the offer to include the commission funds, allows them to add it to the mortgage.But, at the end of the day, the grossed up offer number still has to appraise, which makes it tough to ask for seller concessions in a hot market.

The other route I like is investing in hot markets in STR's, we're halfway through the summer right now.

It does not matter that she likely never had household income above $40k. 

Because households are smaller today vs 20 yrs ago due to delay in marriage and child bearing smaller units are in more demand because of need and affordability.   

In terms of up and coming locations....If you drop a pin anywhere in Middle Tn it's going to be a "hot spot" in the near future if it already hasn't become one.

I was there last week, that place is the hot bed of high tech lol

Let’s just pray that we don’t get a “hot” inflation reading between now and then.Average 30-year mortgage rates have broken convincingly below 7%.