⚡Shocking Prices, Distressed Assets and low inventory
Skyrocketing prices and low inventory have investors scrambling for distressed assets!
Mortgage rates are starting to fall after the last interest rate hike but the average monthly mortgage payment is still at record highs with no signs of coming down anytime soon.
High prices and low inventory have made a particular kind of investment very popular again…
It only happens twice per year and NOW is your chance!
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That’s right, distressed properties are back in the headline, especially with all the recent bank failures and CRE defaults.
In this edition of the AltReports:
🏃♂️ Housing Frenzy
🔥 Growing Markets
💵 $100k Opportunities
🗽 NY Multifamily
⛱️ Lucrative Short-Term Rentals
Mortgage rates are dipping, but before you celebrate, house prices are still skyrocketing.
Fancy a home in New Jersey or LA?
You'll need to cough up a heck lot more than before, 44% more in Jersey, while in LA, good luck finding anything below a cool mil!
Investors have been forced to get creative in their hunt for reasonable returns.
According to Auction.com, distressed properties are all the rage again, especially around the Quad Cities.
These markets have had the largest increase in sales rates and offer the biggest potential discount cushions to hedge against a slowdown.
Speaking of outsized returns, this post gives a rundown of what you could do with 100k in the current market.
From REITs to crowdfunding and syndications this is a great guide on where you can a few easy opportunities right now.
Even with this downturn, the Big Apple still outshone the rest of the US, which reported a staggering 74% year-over-year decline.
Free-market buildings with at least 10 units were the real stars of the show in Q1, accounting for a whopping 78% of the quarter’s dollar volume
Q2 has already shown some promise with a few transactions above $100 million.
Big-time investors are throwing their heavy-duty cash into short-term rentals.
According to AirDNA, 2023 has been great for this sector, with numbers reaching record-breaking highs.
Now, don't go thinking this is a sure-fire way to Scrooge McDuck levels of wealth. Like any rental, it's only a money-maker if there's someone actually living in it.
It's all about location, location, location
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Video of the week
Loan-to-Value Ratio Drops to ALL TIME RECORD LOW
Banks have started to lower the LTV ratio (loan to value ratio) that they are willing to offer for commercial real estate loans, dropping the LTV to the lowest percentage on record.
Chart of the week
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