𝐂𝐨𝐧𝐝𝐨 𝐏𝐫𝐢𝐜𝐞𝐬 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐒𝐩𝐢𝐫𝐚𝐥𝐢𝐧𝐠 𝐃𝐨𝐰𝐧, 𝐍𝐨𝐰 𝐁𝐞𝐥𝐨𝐰 𝟐𝟎𝟎𝟓-𝟎𝟕 𝐁𝐮𝐛𝐛𝐥𝐞Condo prices in several major U.S. cities, including Oakland, Chicago, Cape Coral, Fort Myers and others, have fallen back to or below the peaks seen durin...

Quote from @Brian Moore: I am a recent BP Promember and I am having a continuous issue logging into the BP bookstore.

From your general perspective, how might this approach play out with house hacking?

For renewing tenants we raise rents a little but for new tenants we charge market rents and there has been a big increase in rents since covid.The property we just sold 2 days ago, if we had continued renting it the rent would have increased $500 a month, and that would still be below market, as we had not raise the rent in the last 4 years.

Inventory was tight, leverage was thin, and buyers mostly had to play defense.

With that being said, there had been an equity play with this as well. 

This morning’s jobs data painted a mixed picture. Nonfarm Payrolls (NFP) came in at +50,000 vs. +70,000 expected, signaling slower job creation. The unemployment rate surprised to the downside at 4.4% vs. 4.5% expecte...

IMHO, there has always been a strong demand for 2-3-4 multifamily in Phoenix, and it just continues to grow.

I have a PM which hasn't been great and hasn't been very informative so I plan to change the PM if I continue to look for a tenant.

Unless you’re in a prime area near hospitals or OSU with clear STR demand, long-term buy-and-hold is usually the safer, more predictable play.