#realestate

Rep one property this week and POAs are dragging. The place was in escrow until 2 PM yesterday. The issue? Some HOA rep got it into their head they need proof window coatings were up to code three years ago. Why? Because a potential buyer had a question on paper efficiency. Makes zero difference to energy bills for someone in 1985 models or whatever. But there’s no approval yet, not even from their own team. They had to reroute to building council and now no closing date til early next week even though we already signed everything. Real estate is a marathon through bureaucracy, right?

ngl just closed on this 3 bed, 2 bath fixer in the suburbs, 200k, 4 years of rent already, and it’s got an attic that turns into a secret photo lab lol wow

been looking at some recent market trends and i'm skeptical about cap rates in suburban multifamily. with interest rates low, it feels like investors are reaching for yield... pushing prices up and compressing cap rates. anyone else worried about a correction? i've been following some of the major players like invesco and blackstone, and their portfolio performance seems solid so far... but what about when rates eventually rise?