Moreover, new built homes are underpriced with so many incentives like rate buydowns, flex cash and cash off the purchase price.

The next day I decide to go to the mobile home to meet the lady and to inquire about the home. 

This increase in dollar volume underscores the robust demand and high value of Miami real estate.List Price Success: Sellers received 97% of their original list prices on average, maintaining a steady rate from last year.Speed of Sales: Homes moved faster, with a median time to contract of just 28 days (a 6.7% reduction) and a median time to sales of 70 days (a 1.4% decrease).Inventory Levels: Active inventory rose by 27.3% to 3,864 homes, and the months’ supply of inventory increased by 33.3% to 4.4 months.

It’s crucial to analyze local trends, such as population growth, employment rates, and new developments, which can impact rental demand.

But given the high-interest rate and expanded cap rate environment, I feel like there may be some good opportunities for vulture GPs/Operators.

I’d love to meet investors, agents, wholesalers and anyone in the Florida market willing to share any knowledge about investing in the area.

Hey there, I run a Real Estate Call Center I think I see some things that can help:-First off, 9% contact rate is not bad at all.

After sitting on the sidelines trying to get into real estate investing for several years, I have the opportunity to purchase a 1 bed, 1.5 bath home in a desirable part of the California desert.The purchase price is $299,000 with a 7.3% interest rate and 3% down.

How is your occupancy rate?

I won't be able to make it this month but hope to meet you soon!