Unlock the Untold Secrets to Crushing Real Estate in 2025—Start From Zero and Build Your Empire Now!
Dave:
So I like that a lot. The other thing I would add just as a tip for this kind of market is in my experience the last couple of months and from talking to tons of people, things that are at or below the median home price are selling pretty quickly still. That is still doing well. So especially if you’re flipping or if you’re just trying to find something that has low risk of price declines, the median price for your area below is probably a pretty safe bet. Those kinds of properties, we do have an affordability challenge in this country in almost every market. And so if you’re buying below the median home price, there’s going to be demand for that property, both in terms of purchase and also in terms of rent. I think that’s another thing people overlook is like if you find a rental property that the average person in your market can easily afford and it’s a great property, you’re not going to have vacancy. And vacancy is the killer of all deals. So you need to, that’s a great thing that you can do in today’s market is find that price point where you know that no matter what happens with the economy, people are going to want this apartment to live here or you could resell them. That’s another thing that can work really well right now.
Post Comment