Thanks, #8 is in the pipeline. Locked today at 2.875% for 30 yr fixed. Was a nice touch with the new conforming limits as I only needed 20% down to get that rate as investment. Contracted back in August so solid equity pickup. It’s a bankruptcy so it takes some time. Too bad these are rare.
Close is scheduled for Feb 22nd. Just take things in stride and try to stay humble.
Recent one (not mine but same neighborhood) had 20 applicants in just a few days, so rental market is very strong.
Still a little stunned that #7 could sell for six figures more than a few months ago.
That being said, was about to make a weird prediction.
I’ve done some consulting work at Sempra/AMN over the years. One of my co-workers who was very anti real estate since 2014, was convinced prices were too high etc. So he put all his money in stocks and some in bitcoin. We do exchange trading ideas, I even picked up a modest amount of bitcoin.
Now that things have taken off for him, he is starting to revisit his premise on real estate. It can get old living in hotels even if it is “cheaper” so he’s finally coming around to potentially buying.
So that boring old asset class of real estate may end up getting an unexpected push here and there from other assets which have had a great run recently.
He is starting to see the value of asset preservation and has that luxury now that his assets are getting close to 1M.
