Petoskey, MI · Member since 2013 · 7 posts · 0 votes
I am pretty new to real estate investing. My wife and I were successful in finding a really good deal about a year ago and we are now looking for our next sfh. Our markets are the small town we live and other surrounding small towns. My questions are 1.) How is everyone managing the high interest rates? When I run numbers I am not finding anything that cash flows in our area. Home prices have gone up but rent prices have not kept up over the past couple of years. 2.) Are there websites for wholesaling in smalltowns? I am not finding a lot of resources other than zillow or looking at doing mailers to find homes in our area. TIA.
I am pretty new to real estate investing. My wife and I were successful in finding a really good deal about a year ago and we are now looking for our next sfh. Our markets are the small town we live and other surrounding small towns. My questions are 1.) How is everyone managing the high interest rates? When I run numbers I am not finding anything that cash flows in our area. Home prices have gone up but rent prices have not kept up over the past couple of years. 2.) Are there websites for wholesaling in smalltowns? I am not finding a lot of resources other than zillow or looking at doing mailers to find homes in our area. TIA.
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y
Higher rates call for lower pricing, i am buying cheap right now. Cheaper than if rates were low. If there is no demand for purchasing in the town I would reconsider where you are investing.