Also own a secondary with thoughts of perhaps selling it as well.

When I increase my rate based on the 15.5% to cover what was once the guest fee (I also did the math and increased my rate by 18.34%), I am doing so on all of my fees (rate, cleaning, etc.), before I used to absorb the 3% because it wasn't that much on things like cleaning.  

Many builders are also able to offer incentives that are not available on the secondary market. the Charlotte market is a fantastic place to invest. 

With interest rates shifting and more lenders selling paper, it feels like note deals might increase.What’s your take — are you seeing more opportunities in the secondary market this year?

You're trying to math your way to a market, which is understandable given the prices in California, but unfortunately what we see this lead to is investors buying in a random market thousands of miles away, in a challenging neighborhood, without a team that they know in place, and then they just lose money. 

@Kyle Duncan, It's secondary to your decision to sell. 

Quote from @Patrick Lismon: Currently reviewing a 7‑unit in Benton, KY and multifamily packages in Bowling Green and Knoxville MSA.I’m focused on stabilized deals with dual‑exit strategies (flip or hold) and looking to connect with operators who’ve scaled from small to mid‑sized assets (20–50 units).If you’re investing in KY/TN or have experience repositioning in secondary markets, let’s connect.

In other words: interest rates are a secondary factor.

Quote from @Gregory Schwartz: Quote from @Chris Clothier:Gregory,You specifically mention secondary Texas markets and I don't operate in those markets. 

If you branch out, go deep into one solid secondary market instead of chasing deals all across the country.Cash BuyersPros:The backbone of every wholesaler’s business.