You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Until we get through some of this inventory, I'm foreseeing that we're going to be decreasing in both rental prices and single family home sales until about the end of the year," he explained.It's not good news for sellers.

Income Levels: Will your AGI decrease in future years below the $150,000 threshold?

And as the post above mentions...rates are decreasing. 

If you are earlier on in your career, you should take as much out as you can (which decreases your equity in your current properties) and start building equity on new properties.

YoY is up 3.5%.Rentals - Availability by MonthThe number of homes for rent had a significant decrease MoM, in line with our expectations.Rentals - Median Time to RentThe median time to rent continued to decrease rapidly in February, now around 27 days.

Forced appreciation allows me to build equity from the beginning of the investment, so if I need to firesale for an unforeseeable reason, I will not be underwater.

Let’s dive into why this could be a prime moment to snag some inventory or flip deals.Market Spotlight: Price Drops Steal the ShowMedian List Price: $775,000The median’s holding at $775K—solid for a luxury-leaning market like Rancho Mirage.Median Price of New Listings: $662,400New stuff’s hitting at $662K, a notch below the overall median—sellers might be getting realistic.Price Per Square Foot: $368At $368/sqft, it’s a workable base for flips or rentals in this SoCal gem.Price Decreased: 48%Here’s the kicker—48% of listings have slashed prices.

If CD rates decrease and home price reduce in 2024 then it is good time to buy.