Jan. 2022: We are all seeing it. High inflation + interest rates about to be increased. People are concerned, able to afford less for the same money and the thought of buying a house or refinancing their current one will mean a higher monthly note.
The last few months have been slow for investors, due to the tightness of the market. We have been able to continue helping families. Unfortunately, people still get into hardship, illness or death. And in many cases our recommendation has been to sell in the regular marketplace (MLS). It does not take long to sell a property that is correctly priced these days.
We have expanded our horizons into investing in retirement homes and short term rentals. These models are more complex than the regular real estate transaction. They involve service aspects that must be met for the endeavor to be successful. Having the right people has been the key for us.
Let’s see what the future brings. Big capital will start getting away from the stock market and bringing more money into real estate. Definitely a more predictable investment.