NE Grand Rapids.

Hey Matt,What a great deal to already have the land in the rapidly growing Dallas area.

A less than $100kB over $100k but less than $250kC over $250k but less than $1 MilD over $1 MilE over $10 MilChoose one of the following that most closely aligns with how you would mentor a beginning investor:A Save and Invest in things that are practical for the incremental amounts you have to invest, that are unlikely to go to zero and will allow you build up capital in pre & post tax accounts in order to start businesses and buy real estate later, once your balance sheet is a little more established and able to handle downturns.B Get into REIC Start a businessD Don’t invest, enjoy life, buy a boat and some lottery tickets!

I am trying to build cash as rapidly as I can, a war chest.Then the de-leverage part is, I don't want to be over extended on credit.

Anyone that lives in Austin can tell you that incomes are increasing rapidly.

This has been a rapidly appreciating market with some months nearing 20% appreciation so sure 4% month over month reduction in price looks stark in comparison but were still up 6.6% from last year which is 2-3x the national average, our inventory is down to just over 3 months of inventory now and our days on market rose slightly which indicates market stabilization. my crystal ball is in the shop but I'd put money, and am because I'm still personally buying, on the market stabilizing in the next two months. we also have contributing factors such as Meta moving outside of Boise which will draw attention and Micron adding 15,000 jobs and 15 billion of infostructure to Boise.

Yes housing prices increased rapidly and when interest rates stopped being manipulated to be artificially low this had a negative effect on the housing market. 

Good properties are receiving multiple offers and go under contract very rapidly.

Finally, there is the fact you will be taking on an additional 10 - 20K in debt on each property to cover the CMHC insurance premium and them paying interest on that incremental debt - an additional $4K - $8K at today's prime rate of 2.7% (assuming your mortgage runs the full 25yr amortization and interest rates do not rise).  

For bargains, I think Cedar Rapids would be a great place to look (don't buy in the floodplain) and there is a lot of activity and reasonable properties in the Davenport/Bettendorf, however the neighborhood are really hit and miss.